However, the prerequisite for this approval is to give up the right to pledge Ethereum.

This can be seen as the last stubbornness of SEC, because the most attractive thing about ETFs to these institutions is the pledge income.

After listing, ETFs led by BlackRock will definitely find a way to pass.

This will be the next goal of Ethereum spot ETFs. No one can resist the huge benefits.

If it can be pledged, then major ETFs will promote Ethereum ETFs, and Ethereum will become a booster and lead this bull market.

After the news came out yesterday, the market has actually digested the positive news of passing. After the news came out, it was considered that the positive news turned into negative news.

So Ethereum briefly inserted a pin to 3520, and it has been fluctuating around 3700. It is expected that this trend will continue for a long time.

The important question is, can it be a bottom-fishing?

It is recommended that you buy or invest on a dip. If Ethereum can achieve the goal of 9000 this year, it is more appropriate to buy at this position.

In the short term, the market will fluctuate in the range of 3600~3800. Friends who like to do short-term trading can try it with a light position.

During this period before S-1 is passed, buying Ethereum on dips is the right choice.