The price of ETH/USDT is relatively small in the past 24 hours, and the market seems to be in a tacit calm state.
Considering the upcoming positive expectations (SEC will basically approve the Ethereum ETF application) and the potential big negative factors (Mentougou incident compensation), the market uncertainty has increased, and investors may be more cautious about investment decisions.
If the SEC approves the Ethereum ETF application, it will have a positive impact on the price of ETH; on the contrary, if the Mentougou compensation leads to a large amount of Bitcoin being sold, it may cause turmoil in the entire cryptocurrency market, and the prices of digital currencies including Ethereum may be affected. $ETH
In response to this situation, here are some suggestions:
1. **Stay vigilant**: Pay close attention to market dynamics, especially news about the SEC decision and the progress of the Mentougou compensation.
2. **Risk management**: Use stop-loss orders to limit potential losses and ensure that your portfolio has sufficient risk tolerance.
3. **Long-term perspective**: Although short-term market fluctuations may affect your investment performance, cryptocurrencies such as Ethereum are still likely to grow in the long run. Therefore, before making any major decisions, make sure you have a clear investment strategy and time frame.
