Academician of the Coin Circle: The huge potential behind the approval of ETH spot ETF! Ethereum has unlimited possibilities in the future, why is the price trend not as expected?
At 9:30 pm Beijing time, many people were bragging about the news. Academician of the Coin Circle suggested that everyone should think rationally and not follow blindly. First of all, the approval of the spot ETF was actually completed on May 24, but Ethereum had already pulled up from 2900 to around 3900 a few days in advance
Since everyone knows that S1 and S3 are just a matter of time, it is normal for the corresponding benefits to be expected in advance. But this does not mean that the complete approval of ETH's spot ETF is not a very meaningful thing.
To a certain extent, this is the first step for cryptocurrency to really move towards traditional finance. After all, Bitcoin is bitcoin and is unique, and ETH's ets represents unlimited possibilities in the future. Price is indeed the standard for measuring gains and losses. Although the recent trend of ETH is not so gratifying, and the good news has been passed, there has been no huge profiteering.
One thing we should remember is that the beginning of a new era is already waving at us, which is worth celebrating. Such news will definitely be a new high when liquidity is sufficient, but now is not that time. What we should care about most is how many chips and capital will come in on the first day of the opening of the spot ETF.
Another reminder to retail investors is that it is best not to participate in the main force's cake distribution, for fear of becoming part of the cake, so the best way is to wait and see, and wait for this wave of shoes to land before looking for an opportunity to get on the bus, and the goal is to blindly chase the rise and fall,
I am a currency circle academician, a warrior who has been protecting leeks. I wish my fans to achieve financial freedom in 2024. Come on!
This article is exclusively contributed by the academician of the currency circle and only represents the academician’s exclusive views