ETH ETF TRADING WILL NOW START
WITHIN A WEEK đš
YESTERDAY, ALL ETHEREUM
APPLICANTS FILED UPDATED S-1's.
ETHEREUM IS CURRENTLY TRADING
AROUND $3K AND HAS RETRACED
ALL OF THE ETF APPROVAL GAINS.
HERE'S WHY ETH IS READY TO GO
BONKERS đ
â ETH EXCHANGE SUPPLY IS AT 8-
YEAR LOW
â ETH HAS BEEN DEFLATIONARY
SINCE MERGE
â MT. GOX, THE GERMAN
GOVERNMENT, AND THE US
GOVERNMENT HOLD NO ETH
â ETH HAS NO CONSISTENT
SELLING PRESSURE FROM MINERS
SINCE IT SWITCHED TO POS
APART FROM THAT, ALL THE MAJOR
DEVELOPMENTS LIKE DEFI, NFT, AND
RWA HAPPENS MAJORLY ON
THE SMART MONEY IS ALREADY ACCUMULATING ETH AS 335,000 ETH WORTH $1.03 BILLION HAS BEEN WITHDRAWN FROM COINBASE IN THE PAST MONTH.
RIGHT NOW, THE SENTIMENT ON ETH ETF IS NOWHERE NEAR TO BITCOIN ETF, WHICH MEANS THAT ANT SIGNIFICANT INFLOW WILL PUMP ETH HARD.
ONCE ETH WILL START TO PUMP, ALTS WILL START GETTING MOMENTUM TOO, WHICH WILL LEAD THE BIGGEST ALTSEASON.
THIS COULD TAKE A FEW MONTHS, SO TILL THEN ACCUMULATE AND DON'T PANIC SELL
