Market will hit a speculation wave soon.
For those thinking Ethereum will go back to $3k or below in a sort of sell the news event will be in for a surprise.
The ETF will only start trading in a few months.
Basically everyone will want to get in BEFORE that.
Demand will already considerably rise before it's even there.
Not expecting price to go back to $3k or below at all.
"But Bitcoin saw a pullback"
Yes and you are comparing apples with oranges.
Bitcoin was also priced in by US.
We rallied for months and months because it took very long to get an approval.
The Ethereum ETF caught us by surprise and took less than a week.
We made a good move from 3k to 3.8k yeah.
That can easily retrace to 3.5k sure.
But $3k and below? Not seeing it.
Want other evidence that it's not priced in like Bitcoin was?
It's very close to its local low and has been DOWN ONLY since the last bull run. Down only since 2021.
Act accordingly.
Nova out 🤝
