#ETHEREUM — Pre-pump announces 4k — Next stop 5k?
Ethereum has woken up and seems ready for a bull run ahead of the announcement.
I believe $ETH challenged 4k before the#ETHETFSannouncement was made today.
Of course, the big question is what happens after the announcement. Let's have a look:
Option 1️⃣ - ETF will not be approved. In this case, we can assume a large drop to 2.6-2.5k. However, I think it will quickly recover and we end the day at 2.8-3k.
Option 2️⃣ - ETF approved. As mentioned yesterday, I don't expect a semi-news event. Since approval was unlikely until a few days ago, it is also unlikely that the price already reflects the likelihood of approval.
Therefore, we will see volatility but it looks to be on the upside.
I would go so far as to say that $ETH will settle ATH as soon as it is approved (possibly today).
So let's see what the day brings, sit back and enjoy the show!
