My expectations for $ETH

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On Tuesday, July 23, 2024, the ETH ETF will finally start trading.

This is great news, but there are many things to be aware of.

This news managed to push the price up very sharply.

However, this news was bound to come sooner or later.

That's why I think this news was a "fake" bullish signal.

Germany running out of $BTCs had a positive effect on Bitcoin and pushed the price up.

ETH also got its share of this bullishness and pushed the $3,500 level quite hard with the ETF news.

Although the failure to break through this level seemed bad for the bulls, it was still a strong momentum that made many investors happy.

However, I think we may see a sharp decline next Tuesday when the ETF starts trading, and the "Sell the News" event may take place.

If you examine the Bitcoin movements on January 11-12, 2024, we can say that a similar movement was seen.

The ETF will definitely have a positive impact on the price at the end of the day, but there is nothing tangible to drive the price up at the moment.

I am waiting for your comments.