Will Ethereum’s ETF be approved and will it surge?
I think it is bearish in the short term. This wave of Ethereum almost broke through 4,000 and now it has begun to adjust.
Some insider traders have begun to take profits and exit. Ethereum co-founder and Sun Ge are also shipping.
This is similar to the situation when Bitcoin’s ETF was approved. It fell after it was approved. Bitcoin started to rise after almost a week of consolidation.
This time, it is estimated that it will also copy the last market.
However, ETH is still a while away from the actual listing. During this period of time before listing, it is estimated that there will be a volatile downward market.
After the actual listing, Grayscale’s ETH will be redeemed in large quantities. At that time, Ethereum will fall. After Grayscale’s release, Ethereum will have a net inflow and Ethereum will start to rise.
Before the US dollar is really released, the funds in the market are still limited. This wave of Ethereum passing the ETF will accelerate the blood-sucking of the cottage.
In the future, don’t look at other cottages, you can only buy the leaders. The leaders are only pepe ondo and others. You can continue to buy after the callback.
