Ethereum ETF is coming soon
The Ethereum ETF will start trading on July 23, and several ETF issuers have announced transaction fees, indicating that the launch of Ethereum ETF trading is a done deal. Some traders may worry that the launch of the Ethereum ETF will cause the market to fall first, just like the Bitcoin ETF.
Xiao Miao’s view is that this is unlikely. When the Bitcoin ETF starts trading, Grayscale needs to convert GBTC into the Bitcoin ETF, selling GBTC while buying ETFs, which leads to market fluctuations. And before trading starts, the price of Bitcoin has already risen.
Currently, Ethereum has been in a volatile state for a long time, and it does not need to change hands like Bitcoin. Therefore, after the Ethereum ETF starts trading, it is more likely that the market will rise directly.
Just because the market fluctuated and pulled back when the Bitcoin ETF started trading, it cannot be assumed that the Ethereum ETF will also do so. This idea is too subjective and unfounded, and it will make you lose the opportunity.
It is impossible to be 100% correct in trading, so trading strategies and position management are needed, and entering the market in batches can effectively control risks. For spot traders, the biggest risk in a bull market is missing out, and the biggest risk in a bear market is being trapped. The current market is bullish. If you choose to short, once the market goes up, this bull market will have nothing to do with you.
The weekend market is coming. Here I suggest you refer to the 15-minute Bollinger Band indicator. You can do a duo near the lower Bollinger Band line and a kong near the upper Bollinger Band line. At the same time, according to the 1-hour and 4-hour duo kong volume, you can make flexible adjustments.
