Sell, Buy, or Hold? Here’s the Best Strategy to Follow Post Ethereum ETF Approval

Before the U.S. SEC announced its decision on the Ethereum ETF approval, Ethereum’s price experienced considerable volatility. It dropped to $3,500 just before the announcement but surged to nearly $3,900 on unconfirmed approval reports. After confirmation, it settled above $3,800. Interestingly, a whale sold a massive 7,900 ETH holdings valued at $29 million during this tumultuous period.

After $ETH dropped, a whale panic sold 7,921 $ETH at a price of 29.7M $USDT for $3,754. The whale is a user of http://Stake.com, and his $ETH was withdrawn from http://Stake.com.

https://etherscan.io/address/0x4451bc6dfcdb71b2432d830ae2544e7b7fab1fb2

With the Ethereum ETFs’ approval, analysts predict there will be over $500 million in new investments, but it may take time to boost prices. On-chain data suggests Ethereum could stabilize above $4,000 and even rally to $5,000-$6,000 by August. The launch of Bitcoin ETFs saw significant institutional investments, raising curiosity about how Ether could impact institutional adoption.

Will you Sell, Buy, or Hold?? what’s your strategy in the current scenario? leave a comment below 👍