ETH spot ETF passed SEC review, huge hype space! ETH may usher in a new historical high?
With the ETH spot ETF passing the preliminary review of the SEC (19b-4 document), the market ushered in a new round of hype. However, this is only passed on paper. The real challenge lies in the upcoming S-1 document review, which is a key step in whether the ETF can be officially listed. Although the time span may be as long as several months, the hype space of ETH has been greatly opened, and institutions and retail investors are gearing up to buy in large quantities.
From the perspective of the entanglement structure analysis, ETH's trend is highly isomorphic to BTC, indicating that ETH is likely to break through the historical high. At present, ETH is undergoing a strong rise at the daily level, and its internal structure has not yet been fully formed, indicating that the upward trend is far from over. It is expected that the trend will fluctuate upward at the four-hour level, completing the final structure and realizing the prediction of "the trend is finally perfect".
As the market heat continues to heat up, ETH's future upward space is expected to be extremely high. Compared with BTC, ETH's upward potential may be even greater. Investors have said that now is a great time to buy ETH to seize the upcoming market craze. The official listing of ETH spot ETF will undoubtedly add fuel to this round of speculation and lead the market to a new climax.
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