After the new SEC chairman took office on January 20, the advancement of the SOL spot ETF and the Ethereum staking ETF has progressed.
Since the market began to adjust two days before Christmas, most altcoins have returned to relatively low positions. Therefore, as we are about to welcome a market rebound, do not forget the previous period of market sluggishness. One important point to remember is to timely take profits on part of your positions, even if it's just 10% to 20%. For investors with tight positions, it is also advisable to reduce some of your holdings, as we cannot predict when a black swan event will occur. Investors who have experienced the 312 and 519 events should have deeply realized the importance of cashing out at high positions.
If you have not experienced the 312 and 519 events, I hope you can understand the safety of taking profits on part of your positions from the recent market adjustment. Maintaining some cash positions allows for flexible operations during market adjustments, and even buying chips at low prices.
Currently, Ethereum needs to stabilize around $3550 to initiate a new round of increases. Investors who have not bought in the $3450-$3550 range can wait to place buy orders when $3550 stabilizes. The inflow of ETF funds provides support for Ethereum, just like after this wave of Bitcoin's bull market, it may not experience a significant pullback like past bear markets.
The main reason is that more and more institutions are participating in the market, which has relatively narrowed Bitcoin's volatility. Ethereum is currently another major option that Wall Street institutions can purchase after Bitcoin. Therefore, when Bitcoin struggles to continue rising, funds naturally flow into Ethereum, driving its price up. Additionally, Ethereum has an upgrade coming in March, which is a positive factor. Therefore, it is advisable to continue to place buy orders on dips.
