Briefly about the situation and future analysis:
We have entered June, ending "Sell in May" but nothing too big has happened in the market. BTC ETF is probably the main reason why the market is different from the previous cycle. At the end of May, we have 3 big news.
- First, Trump is currently considered guilty after the trial, there is currently a lot of information that has not completely confirmed everything.
- Second, the SEC is negotiating with ETH ETF issuers. The reason for this change is due to the political impact of the Presidential Election event, because Trump supports crypto, forcing Biden to think again and using crypto to confront Trump, so the crypto pressure is on the SEC and must approve the ETF as soon as possible.
- Tuesday was Biden vetoing SAB 121, this news caused the market to slow down.
In general, after the news in May, I think June will be quite exciting with a few coins, the ETH ETF will be launched soon and the price increase is inevitable, it is normal to exceed 5k USD. The adjustment will not be high unless there is shocking news like war...
You should average the price and buy coins in the top 10, ETH system to put in spot wallet and avoid futures at this stage. Have a nice day!
