Wednesday will be an important day, as the SEC will make a historic ruling on the Ethereum spot ETF. Especially VanEck's ETF application, if approved, I believe the price of ETH will usher in a short-term surge.

Five SEC commissioners will cast the decisive vote, and we know that Commissioner Gary Gensler has expressed support for the spot Bitcoin ETF in January, so he is likely to vote in favor of the Ethereum ETF. Of course, our focus should not be limited to VanEck, because Ark 21Shares will also face a ruling soon after. And the impact of this decision will go far beyond these two companies. Industry giants such as Hashdex, Grayscale, Invesco Galaxy, BlackRock, and Fidelity are closely watching this result, which will have a profound impact on their future strategies. Let me briefly talk about my opinion on the current ETH market. From the daily chart, we can see that Ethereum has broken through the bearish trend line and is blocked near 3150. If there is no data impact, this pullback is also normal selling pressure. I personally expect the pullback to touch 2970 again and then rise again. This is without the impact of data. If the ETF is passed on Wednesday, the market is expected to rise to around 3300. Let us wait and see! #以太坊ETF批准预期 #ETH #BTC