First of all, there is a nearly 100% chance that the Ethereum ETF will be approved tonight. Both Fidelity and BlackRock have quickly resubmitted revised versions of the ETF documents in the past two days. Think about it, so many companies are asked to modify their documents by the SEC at the same time, which is definitely a prelude to approval, because if they want to reject it, they only need to reject Fidelity, which is due on May 23, instead of summoning all applicants to modify the compliance documents. Therefore, the approval of the ETF can be said to be a foregone conclusion, so any pullback during this period is your best opportunity to cover your position. However, everyone should pay attention to one thing. This time, the Ethereum ETF is unlikely to be listed on the Nasdaq the next day after approval, like the Bitcoin ETF, because this time it is really too hasty. The CSRC changed its mind temporarily under the pressure of the election, so the S1 form and the custodian may take a few extra weeks to prepare. However, Brother Xin thinks this is a very big positive, because before the ETF is officially launched (the boots have not landed), Ethereum will have a huge upward momentum, so this extension is definitely the longer the better. And on the day of listing on the Nasdaq trading, the positives will be exhausted and the real pullback will begin.

　　So how should we operate this wave of Ethereum market? Where should we buy the bottom and sell the top?

　　We can refer to the trend of Bitcoin ETF before and after it was approved. Bitcoin ETF was approved on the morning of January 10th, New York time, and then it surged by nearly 10%, and then took a small pullback. It was not until the next day when it was listed on the New York Stock Exchange and Nasdaq that the real positives were exhausted and began to pull back sharply. So, Ethereum will surge by 10% when it is approved tonight, and then it will pull back slightly, and then it will maintain its popularity until the ETF is officially listed on the New York Stock Exchange. The positives are exhausted, but the pullback is the pullback, and then the major Wall Street funds will enter the market. Bitcoin started a months-long increase two weeks after the pullback, and it flew directly from 38,000 to 73,000. So when it plummets, remember to bravely buy the bottom, because Ethereum's journey has just begun there, 4,000 is just the beginning, it will soar to 6,000 in two or three months, and then soar to 8,000 or even 10,000 again in the Prague upgrade at the end of the year, and then it will be the ultimate escape from the top $ETH