$ETH In the past few days, the probability of SEC passing Ethereum ETF has increased, which has caused the price of the coin to rise from around 3,000 to around 3,700. Today, the application deadline for the first batch of ETFs is approaching. As a novice in the cryptocurrency circle, I think there will be two less extreme outcomes tonight.
If the SEC passes the application for Ethereum ETF as the market expects, the price of the coin will continue to rise, and it is very likely to break through the 4,000 mark, but that's all. Because the market has already gradually digested this positive news in the past few days, and what remains is the final result. Therefore, the increase will not be as exaggerated as in the past few days.
On the contrary, if the ETF is not passed contrary to market expectations, I personally think that the price of the coin will fall slightly, but it will not collapse. The overall market will not let Ethereum fall lower than before due to the expectation of a bull market. Therefore, no matter what, continue to hold it and don't sell it rashly because of short-term fluctuations. This is the approach I personally support the most.
*The above remarks do not constitute any investment advice. Investments are profitable and loss-making. Please be responsible for your own investment behavior. All articles are just my personal thoughts