Brothers, please pay attention!!!
Ethereum ETF is about to be listed and traded, and the market dynamics are worth paying attention to.
Looking back at the trend of Bitcoin ETF after it was approved, Bitcoin experienced a sharp correction of 20% after a surge. Ethereum has performed relatively weakly recently, but the market trend will not change because of this.
If Ethereum rises sharply to around $3,800 after the ETF is approved, and then pulls back by 20%, this may be the best time to enter the bull market, and it is recommended to enter the market decisively.
At present, the ETH/BTC exchange rate has once exceeded 0.056. The market is still in the hype period before the ETF is approved, and the willingness to ship is not strong.
But considering the selling pressure after the ETF is approved, long-term holders do not need to worry too much.
The ETF narrative is the main driving force of the current bull market, which contains three meanings: capital inflows through ETFs, favorable expectations, and compliance.
With the ETH ETF expected to be approved in July, others such as LINK, OP, ARB, etc. may also apply for ETFs.
The performance of the ETH ETF will have a far greater impact on altcoins than the BTC ETF, because capital inflows will drive the performance of more altcoins. #美国5月核心PCE物价指数年率增幅创2021年3月以来新低
