There is a high probability that trading on ETH ETF will start today or tomorrow 😘But what will this event turn out to be for the market in the short, medium and long term. In the medium and long term, this bodes only positive things for the market 💃 Let's remember the launch of the same BTC ETF. Since the launch of the BTC ETF, the price of the asset has increased by 90% net. The launch of ETH ETF trading promises an infusion of huge money into the ether ecosystem, including the asset itself, thereby inflating its price and capitalization. I wouldn’t be surprised 😕if this event becomes a trigger for the start of the alt-season, which I have written about several times. But is it so rosy in the short term and does this event mean that you need to go long with 200x leverage? Absolutely not. Again we recall the event of the launch of BTC ETF trading. Immediately after the launch of trading, the asset corrected by as much as 21% net, shaving off all our broad-shouldered brothers) Judging by the on-chain data, this could happen after the start of trading in the ETH ETF, since there have been a lot of transfers of ether to exchanges in recent days 💰 So trade wisely and be sure to follow the RM
For current trades, those who are worried - I advise setting a take profit or stop loss to break even. Until the SEC decision on the ETH ETF, we won't be making any trades and we advise against trading futures until Tuesday 🤷🏼♀️