The market now has an expectation of almost 90% for the Ethereum spot ETF to pass, which means that from the media to retail investors, most people think it will pass. Brother Wang can't sing a different tune. I think we should follow the trend, so I also think it will pass.

Before the news is announced, Ethereum will be relatively strong and successfully break through 3900.

As of the time of writing, due to the SEC Chairman's tweet warning of risks, the overall market has a small pin affected by this news.

Many people may think that it is unfavorable for the current node to send this news.

But in fact, this is a bit like a routine notice. Before the last Bitcoin ETF passed, he also issued a similar "warning message".

From this perspective, it seems that the SEC Chairman is hinting that the Ethereum ETF has passed.

According to common sense, for the Ethereum spot ETF to be finally passed, it may have to review two standards, one is 19B-4 and the other is S-1, which is the basic process.

But this year's situation is a bit different. The internal roll caused by the US election has already rolled into the currency circle. In the past, when the SEC chairman was still in the middle of his term, he might have to consider his political career. Now that he is facing the "end of his career", the benefits of passing are definitely greater than rejection.

Those who understand will understand................

Will they pass all of them while they are still in office?

It is very likely.

The question now is, if they pass, will they continue to rise in the case of a big surge in advance?

Before, I thought it would not pass. When there were more negative news, I thought it was an opportunity. Now that the positive news is coming, I think there is a certain contradiction.

First of all, if the ETF is passed tonight, it will naturally be a long-term positive. In the short term, it will also rush up. If it rushes to 4,500, will the ETF institutions take over this position?

Secondly, I calculated a data a few days ago. Grayscale's holdings account for 2% of the current total amount of Ethereum. When Bitcoin was passed before, Grayscale's holdings of Bitcoin accounted for 3% of the total amount. The holdings are relatively high, and it has a certain voice. Therefore, Grayscale's potential selling pressure is also a risk.

Also, Brother Wang’s recent position is around 3,000, and many retail investors have chased in at 3,500-3,800. A large number of long orders have been opened in the contract in the past two days. If the dog dealer pulls it up along with the trend, I think the car will be heavier.

Jiaoliuqun+V: WG65825 The most important thing is the interest rate cut.

Before the interest rate cut, the liquidity in the market was powerless to support the entire market. So there was a recent drop in the exchange rate of Bitcoin (the interest rate cut will drive the Bitcoin skyrocket). The overall performance of the cottage industry is okay, but it is not evenly distributed. The main gains are concentrated in the Ethereum sector and meme.

So what should we do after it is passed?

I think we should wait and see at the first time and wait for 24 hours before operating. Once the news comes out, if it is passed, it will be reflected in many coin prices in a short time (skyrocketing and reducing positions), and the risk of chasing will be very high. If it is not passed, postpone it, and then directly insert the needle down.

In the currency circle, the most difficult thing is to wait, and the easiest thing is also to wait. Sometimes bad news is good news, and sometimes good news is bad news. If the rhythm is not well grasped, it is easy to be trapped.

In summary, Brother Wang believes that those who bought the bottom before should take advantage of the slope to get off the donkey. Those who did not buy the bottom should also be wary of chasing high.

Don't blink tonight, everyone. #以太坊ETF批准预期 #美众议院通过FIT21法案 #5月市场关键事件