How I will Play the #Ethereum #ETF Play and what Coins I will be watching...


With the $ETH ETF likely to be approved, sentiment has swiftly shifted towards accumulating #ETH Beta plays.

For those unfamiliar, ETH Beta measures how much Ethereum's price moves relative to the overall market or a specific benchmark. 

Back in January, we witnessed a similar shift to BTC Beta following the ETF approval. 

$BTC surged to $49K after the ETF announcement but quickly retraced since spot bids were absent. It was a sell the news event as expected but still bullish in the long term.

I expect a similar price action for ETH following the approval. 

Beta Plays to watch out for -

$PENDLE has to be one of the strongest tokens for this narrative. The price corrected recently because of the $EIGEN airdrop but it has shown a lot of strength following the ETH ETF news. 

$PEPE is another obvious play for the $ETH Beta. PEPE held the structure when BTC didn’t and now it’s at another ATH. Chart shows a beautiful uptrend & indicates that insiders frontran it as the best bet for the ETF approval. Taking some profits and letting the rest run.

$ENS was one of the few coins that did not retrace in the entire move following the BTC ETF approval. I’m betting on this purely for the fact that Vitalik has been shilling it all year long.

$ENA is another token to watch. It does exceptionally well in bullish conditions, and is backed by a strong team. Bullish on the fact that there are no investor unlocks for a while & can be adopted by exchanges.

$ARB had been underperforming for a while but is back on track following the announcement. Still avoiding it personally.

$LDO could see a pump depending on the approval of staking in the ETF. 

Beta Plays that might disappoint -

$REZ hasn’t really shown any strength following its launch. It’s already 30% down from its listing on binance last month.

$REZ, $XAI and $ETHFI have bad tokenomics and limited utility - I believe all they get is a complacency bounce before lower.

This is how I will be trading the ETH ETF.