Ethereum ETF passed, will it explode?

How will the market go next?

I think it is slightly bearish in the short term. This wave of Ethereum almost broke 4000 directly. Now it has begun to adjust. Some insider traders have begun to take profits and exit. Ethereum co-founder and Sun Ge are also shipping. This is similar to the situation when Bitcoin ETF passed. It fell after passing. Bitcoin almost consolidated for more than a week before it started to rise.

This time, it is estimated that it will copy the last market, but ETH is still a while away from the actual listing. During this period of time, it is estimated that there will be a volatile downward market. After the actual listing, Grayscale's ETH will be redeemed in large quantities. At that time, Ethereum will fall, with a target of around 3400.

After Grayscale is released, there will be a net inflow of ether, and ether will start to rise. Before the US dollar is truly released, the funds in the market are still limited. This wave of ether through ETF will accelerate the blood-sucking of cottages. Don’t look at other cottages in the future. You can only buy the leaders. The leaders are only pepe ondo Ron and others. After the callback, you can continue to deploy in batches.

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