ETH will definitely fall sharply before the ETF is passed

1. The cycle is the most important reference for investment. BTC and ETH have been rising since September last year and in March this year, and have entered a correction phase. This consolidation should continue until after August, and the adjustment will not be completed so quickly

2. The expectations of ETFs have been almost exhausted. The increase brought by BTC ETF is definitely much greater than that of Ethereum. The first principle of the currency circle is that the increase will be greater for the first time when repeating things, and the second time will be much less useful

3. After the ETF is passed, there may not be too much money to buy it, but it depends on where it is. BTC funds are flowing out at around 70,000, so the market is not that stupid. Do you think you can go all-in if the ETF is passed? Wishful thinking

4. After Ethereum switched to POS, it is no longer qualified to be compared with BTC. The emergence of ZK has reduced people's confidence in EVM. Coupled with the rise of Sol and Ton, the ETH market is being eroded.

5. ETH currently needs to trade sideways at a high level through ETF market expectations to allow leeks to slowly buy and hold it. The longer the sideways time, the more leeks will buy in and not sell. When the dealer has sold out the goods, it will smash the market and sell it, and then continue to buy it back at a low level.

Summary: Pure opinion. Don't criticize if you don't like it. I wish you good fortune.