To predict the market trend after the Ethereum ETF is passed, we can refer to the situation after the Bitcoin spot ETF is passed. According to market analysis, the market usually rises first after the ETF is passed, and may then experience a period of correction. However, the passage of the Ethereum ETF may also bring some unique influencing factors.

First, the passage of the Ethereum ETF may trigger a large demand for ETH, especially considering that 27% of the total ETH has been staked on the Ethereum network, which may make the price of ETH more responsive to capital inflows. Standard Chartered Bank expects that the approval of the Ethereum ETF will drive capital inflows of $15 billion to $45 billion, which may push the price of Ethereum to $8,000 by the end of 2024, or even $14,000 by the end of 2025.

However, there are different voices in the market. For example, Bernstein analysts Gautam Chhugani and Mahika Sapra expect that the approval of the spot Ethereum ETF will drive the price of Ethereum to surge 75% to $6,600. They pointed out that after the SEC approved a similar Bitcoin product in January, the price of Bitcoin rose 75% in the following weeks.

In addition, the market's reaction to the passage of the Ethereum ETF may be affected by other factors, such as Grayscale's large number of chips and changes in market sentiment. Although there may be some differences, it is certain that the risk after the passage may be greater than before the passage.

Overall, the passage of the Ethereum ETF may have a positive impact on the Ethereum market in the short term, but we should also pay attention to market cycles, capital flows, changes in computing power, and policy environment, and do a good job of risk management.

In the long run, the passage of the Ethereum ETF may bring more institutional investors and liquidity to Ethereum, which will have a positive impact on the Ethereum series of currencies.