Ethereum ETF passed, will it explode?
I think it is a little bearish in the short term. This wave of Ethereum almost broke 4000 directly. Now it has begun to adjust. Some insider traders have begun to take profits and exit. Ethereum co-founder and Sun Ge are also shipping. This is similar to the situation when Bitcoin ETF passed. It fell after passing. Bitcoin started to rise after almost a week of consolidation.
This time, it is estimated that it will copy the last market, but ETH is still a while away from the actual listing. During this period of time before listing, it is estimated that there will be a volatile downward market. After the actual listing, Grayscale's ETH will be redeemed in large quantities, and then Ethereum will fall, with a target of around 3400.
After Grayscale is released, there will be a net inflow of Ethereum, and Ethereum will start to rise. Before the US dollar is really released, the funds in the market are still limited. This wave of Ethereum passing ETF will accelerate the blood-sucking of cottages. Don't look at other cottages in the future. You can only buy the leaders. The leaders are pepe ondo Ron and so on. You can continue to buy after the callback.
