ETF analysts believe that the SEC is likely to approve the S-1 application for the SPOT #ETH🔥🔥🔥🔥 this week. This expectation is contributing to the market's recent recovery.

However, it's important to consider the possibility of a significant sell-off following the #ETFEthereum approval, similar to what happened with BTC recently.

Therefore, I recommend considering a Put #options order on the #DBOE to protect your position.