SEC suddenly "changed its face", and the approval rate of Ethereum spot ETF soared! The Fed's official website also brought good news, and the Ethereum series soared!
1: Yesterday, the SEC unexpectedly raised the approval rate of Ethereum spot ETF from the previous 25% to 75%. This good news brought a sharp rise in the Ethereum series. At the same time, the speech on the Fed's official website also gave people hope for a rate cut
2: Small and medium-sized banks in the United States have begun to prepare for a rate cut. With the superposition of two good news, Ethereum spot ETF funds continue to pour in, with a net inflow of 3077 BTC. On-chain data shows that BTC in the exchange continues to be bought and outflowed to wallets.
3: The most noteworthy time now is August 3, which is the deadline for Fidelity's Ethereum ETF, and August 7 is the deadline for BlackRock's Ethereum ETF. Even if the ETF application is not passed this time, the expectation for August still exists, and ETH may not pull back too much.
4: We don't have to worry too much about the market retracement. A large number of bargain-hunting funds are coming. In the bull market. A pullback is an opportunity to buy. Don't short your business!
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