Will the Ethereum ETF be approved and usher in a big correction?
It is inevitable that Ethereum will break through $4,000.
The 5-day line has closed today, and the general direction has been determined. The large-volume Yang line swallowed up the previous multiple falling K lines in one fell swoop, indicating that the strength of the long army has increased, and the downward trend that has lasted for two months has ended.
But the market will not be smooth sailing next. The main force will definitely use various news to create panic, so that those who miss out on opportunities are not in a hurry to enter the market, to cater to the psychology of those who miss out on opportunities, and let them wait for a big drop and a correction.
If there is no clear direction for future trends, it will be affected by various factors. For example, many people think that even if the Ethereum ETF is approved, it will fall sharply, because the Bitcoin ETF was approved and ushered in a correction before it started to rise.
However, will the market really be as these people think? After the Bitcoin ETF was approved, it pulled back and rose again. Does the Ethereum ETF have to pull back after it is approved? If it continues to rise, should I chase it or not? What should I do if it is chased and then pulled back? Will it be a big pullback or a small pullback?
Next, if the Ethereum ETF is passed, it will definitely be a super positive, and a new narrative will begin. However, there are so many sectors in the Ethereum series. Which sectors and which currencies will explode?
If the currency problem is not solved, no matter whether you enter at the right time or not, even if you are heavily invested, you will not make money.
You can review the market from 2023 to the first half of this year. Bitcoin has risen to US$73,000. Many people think that they can make money by buying anything. What is the result? Most people are losing money because they chose the wrong currency.
You can also leave your favorite coins below!
I hope everyone will make the right decision as soon as possible, so that they can reap a lot in the next market~
