Tomorrow is the time for the SEC to make a decision on the Ethereum ETF!
First of all, the approval of the Ethereum ETF is not that fast. This time, the SEC only asked for the update of the 19b-4 regulations, but this is a necessary preparation document before approval. It may take several months for S-1 to be approved, and then we can see the S-1 approved, and then see the real Ethereum ETF, which may take longer!
So what is the probability of passing? The basis for passing in the market is that the SEC notified the exchange to speed up the update of the 19B-4 document on the spot Ethereum ETF, but most of the news sources are gossip, which is worth vigilance.
Regardless of whether the prediction is passed or not, we should be fully prepared for these two situations!
If it passes, there are two situations
ETH will continue to rise, with a probability of 40%, and the remaining 60% probability is that all the good news will be bad news, and a callback will start. After all, this is the case one week after the BTC ETF is passed. Then this is a good time for us to buy the cottage in batches at a low price!
If it does not pass, it will definitely be a big callback, and it is also an opportunity for us to build positions in batches, so no matter what, it will not be wrong to fill the bullets before mid-June!
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