Around 5 am, the news of the approval of Ethereum ETF was announced. Unlike Bitcoin, it may take some time for Ethereum ETF to be officially open for trading. The approval means that the saying that Ethereum is a security has become a thing of the past. In addition, its status has been further consolidated! Secondly, after the approval of Ethereum ETF this time, capital will not enter the market immediately. What I think of as trading is taking over. So from this point of view, the current position of Ethereum is definitely still at an absolute low. So, as retail investors, if there are institutional brands that will take over for us after a certain period of time, do you think Ethereum will fall back a lot? I personally think that after digesting the recent gains within a certain space, it will continue to rise! Secondly, Bitcoin, Ethereum ETF has been approved, so will XRP, ADA, SOL and other mainstreams also be hyped up in ETF related expectations? Secondly, from the perspective of capital flow, after Bitcoin hype, it is Ethereum hype, and SOL has also hyped up a wave, so I personally think that it is a good choice to deploy XRP and ADA at the moment. I personally deployed a wave of ADA this morning. After all, the current price is really not high! Waiting for the relevant transactions of Ethereum ETF to be launched, when institutions start to pull the market without looking at the price, it is the time for the copycats to dance wildly!
Therefore, in the next market, if there is a retracement, it is an excellent opportunity to get on board. In fact, I believe that many people will slowly recover from this truth and then start to enter the market one after another. The market is the relationship between supply and demand. Many people did not believe that Ethereum ETF would be approved like this before, and they may have gotten off the train very early. When they see the real approval news, they will definitely find an opportunity to buy it back. In addition, the institutional brand I mentioned above will take over, so I personally think that the corresponding decline space of Ethereum is very limited! Therefore, although it is a positive landing of short-term speculation, this time is different from the last landing of the big cake ETF news. After all, after the last big cake ETF news was released, its trading was opened!
Overall, according to the previous analysis, Ethereum ETF news landed, Ethereum will retrace, which is certain, but from the current situation, the space for retracement is relatively limited, and this retracement is also the last wave of opportunities for everyone to get on board, so just intervene boldly, and secondly, pay attention to the flow of funds, seize the rotation of sectors, and improve the utilization rate of funds!
If you don’t want to make too much trouble, just buy the Ethereum series without thinking. STRK, OP, ARB are deployed at low prices. Look at ETHFI. I strongly recommend the ENA project. When the market is good, this project is definitely one of the key projects. The landing of the Ethereum ETF news has undoubtedly laid the foundation for a wave of continued speculation in the market! Referring to the trend of Bitcoin rising from 40,000 to 7.4 after the landing of the Bitcoin ETF news, the expected high point of Ethereum will be at least above 5,000!
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