What happens if the ETH ETF is approved?

ETH’s ancient giant bull.

Before the BTC ETF was approved, the entire market faced the approval of the ETF for the first time, and there were three scenarios in general:

1. As always in history, the top is when a major event happens (short-term short)

2. Small and slow bull market brought by ETF Inflow (long)

3. ETFs become a blur, providing unprecedented liquidity and delivery opportunities (long-term short) to early whales, especially GBTC

Expectations were wildly inconsistent, bringing a drop of about 20% followed by a bull run that almost doubled from 38,000.

If the ETH ETF is approved, most people will expect it to imitate the BTC ETF, which first fell and then rose. So it is likely to be a front-run of this expectation, that is, it will go up directly.

1. ETH’s increase this time is not that much. The expectation that ETH ETF may be passed faster only appeared this week, and the increase was no more than 20%, far lower than the doubling of BTC.

2. The price of ETH has been suppressed for too long, and the exchange rate is in the historically dense trading area.

3. If it passes, will the traditional ETH chain activity be less active? Is this round of ETH lacking a legendary narrative?

4.ETHE’s selling pressure is far less than GBTC’s

Current macro situation:

1. The four major US stock indexes are bullish

2. Nvidia's earning call exceeded expectations and it split its stock

3. VIX fell to a one-year low. It is difficult for the US dollar and US bonds to continue to strengthen in the short term.

4. Passage of FIT21 and election donations required

In other words, the direction of least resistance in the market is ETH, which is upward! We must learn to play to the situation!

This is our front-runner for traditional stupid money, cherish the opportunity.

What about other coins?

In the previous article (Crypto Industry, What is the Next Big Catalyst?), I shared:

“Only if the US ETH ETF is approved can it bring a carnival exclusive to the cryptocurrency circle, an epic alt season, and countless dumb money and euphoric times.

It’s a very simple logic. The approval of Shitcoin ETF is just like domestic violence/cross-dressing/prostate massage. There are only 0 times and countless times. ”

Once the ETH ETF is approved, people will start fantasizing about the approval of the SOL/AVAX/PEPE/DOGE ETF. Even if SOL has been designated as a security by the SEC, it doesn’t matter. What matters is the emotion and momentum.