$ETH ETF APPROVAL MAY ANTICIPATE THE ALTSEASON 🚨 & Here Is Why 👇

SEC has finally approved 8 spot Ethereum ETFs! That's a big change influenced by the new the political attitudes. Politicians understood that supporting some specific digital assets will set U.S as a leader in financial technology and innovation. That's a positive move for Ether it's now considered a commodity (and not a security anymore) and it will potentially attract new capital from institutionals and retail investors. Some analysts predict that ETH could reach $10k if the launch of the spot ETH ETFs is as successful as the launch of the spot Bitcoin ETFs. Major firms like VanEck, BlackRock and Fidelity may will play again the biggest role!

Overall, in my opinion, this approval is a bullish event that will fuel the current status of the crypto market. Usually, regulatory approvals boost the confidence among investors that before were hesitant in risking their money. So they may now allocate their funds into Ethereum and rise up its price. Keep in mind that the Ethereum blockchain is an ecosystem and consequently, all the projects build on top of it, will follow the trend. I won't be surprised if $OP , ARB & MATIC show themselves off soon! In fact, I will not miss to track the ETH/BTC pair because it often signal the onset of altseason!

For who may doesn't know, when Ethereum starts to outperform Bitcoin and thus causing the ETH/BTC ratio to rise, it often signals that investors are shifting their capital from Bitcoin to altcoins. This potentially indicate the beginning of the altseason!

Do You Think ETH Could Reach 10k After This Approval? 🤔 Let Me Know In Comments!

STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 - DYOR 🙏 NFA.🤝

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