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Ethereum ETF latest news, will it be approved? Will it soar to the sky or will it plummet after all the good news is out? You must know this decisive factor!
The latest inflation data is coming soon. Will it be good news this time? Let’s follow Shuqin to take a look.
The first is the latest news on Ethereum ETF and the timing of escaping the top.
According to multiple sources, the Ethereum ETF will almost certainly be approved tonight!
Whether it is Fidelity, Grayscale or BlackRock, they all quickly resubmitted revised versions of the ETF documents in the past two days.
My God, so many companies are being asked by the SEC to modify their documents at the same time, which is definitely a prelude to approval. Because if they want to reject it, they only need to reject Vanda, which is due on May 23, instead of calling all applicants to modify the compliance documents. Therefore, the approval of the ETF can be said to be a foregone conclusion, so any pullback during this period is your best opportunity to cover your position.
However, everyone should pay attention to one thing. This time, the Ethereum ETF will most likely not be listed on the Nasdaq the next day once approved like the Bitcoin ETF, because this time it is really too hasty. The CSRC changed its mind temporarily due to pressure from the election, so the S1 form and the custodian may take a few extra weeks to prepare.
However, Shuqin thinks that this is actually a very positive thing, because Ethereum will have huge upward momentum before the ETF is officially launched, so the longer the extension is, the better. Only on the day of listing on the Nasdaq will the positive effects be exhausted and a real correction will begin.
So how should we operate in this wave of Ethereum market, where can we buy the bottom and sell the top? In fact, we can refer to the trend of Bitcoin ETF before and after it was approved.
The Bitcoin ETF was approved on the morning of January 10th, New York time, and then it surged by nearly 10%, followed by a small correction. It was not until the next day when it was listed on the New York Stock Exchange and Nasdaq that the real positive news was exhausted and a sharp correction began.
So, if we cut the figure in half, Ethereum will surge 10% when it is approved tomorrow night, and then it will slightly pull back, and then it will maintain its popularity until the ETF is officially listed on the New York Stock Exchange, at which time all the good news will be exhausted.
But a pullback is a pullback, and after that, major Wall Street funds will enter the market!
Two weeks after the pullback, Bitcoin started a several-month rise, flying directly from 38,000 to 73,000. So remember to bravely buy the bottom when it falls sharply, because Ethereum’s journey has just begun at that time, and 4,000 is just the starting point. I think it will soar to 6,000 in two or three months, and then soar again to 8,000 or even 10,000 in the Prague upgrade at the end of the year. That will be our ultimate opportunity to escape the top.
And if you add a 1x leverage without any risk of liquidation, your assets will at least increase 6 times by the end of the year. That’s simply too cool!
The tokens of several Ethereum-related ecosystems will also explode. They are OP, ETHFi, ENA, Pepe and Pendle. These are the hot spots of this bull market, covering Layer 2, re-staking, Yield, stablecoins and Meme coins respectively.
Except for Pepe, these coins have fallen a lot in the previous bear market, and there is huge room for recovery, so you can allocate some of them appropriately.
Pepe has risen too much recently, so those who did not get on board before will need to wait patiently for a larger correction, such as a return to the previous high of 0.116.
In fact, Pepe, we just covered our positions last weekend, and this 0.09 is exactly the lowest point.
Then yesterday it soared 40%, and we also entered the WIF at a very low price of 2.5, and yesterday it also soared to 3.25, an increase of 30%. Even Pepe has almost doubled since Shuqin urged everyone to buy the dip last month. Even after deducting the funding rate, my contract has made a floating profit of 12 times!
Of course, some people think this is exaggerated, but Shuqin wants to tell you that I have something even more powerful!
Do you remember what I showed you on my show at the beginning of the month? I borrowed 30 million and bet on Ethereum at 2900. If I lost, I would go to the trading market. Now it seems that I don’t need to go, I will just go to Lafite! I made 10 million in just one day yesterday!
Because I said in the previous program that the Ethereum ETF has been listed on the DTCC's listing list, and it will be approved 99% of the time, allowing everyone to invest in Ethereum tokens. This is the importance of information asymmetry.
So life is a gamble, and opportunities are often reserved for those who are prepared. Shuqin entered the cryptocurrency circle in 2017, and she has made a fortune of over 100 million yuan from scratch, not by luck but by experience and sweat.
In fact, you don’t have to do anything this month. Just seize the opportunity mentioned by Shuqin, such as the Solana upgrade, PYTH unlocking short selling, and Ethereum’s compensatory rise. You can open a safe 2x leverage and you can quadruple your money this month. If you seize such opportunities 3 times a year, 4 times 4 times 4 is 64 times!
So if you want to change your destiny in this bull market, then you can really take a look. Let’s slowly snowball together and achieve financial freedom in this bull market!
Okay, let’s continue.
Solana's recent trend has been significantly weaker, and it has been drained a lot of blood by Ethereum, but did you know that it may be hiding a very big surprise?
Everyone still remembers that when the Bitcoin ETF was passed, the one that skyrocketed the most was not Bitcoin, but Ethereum!
It soared from 2,200 to 2,600, a surge of nearly 20%, because everyone’s logic at the time was that if the Bitcoin ETF was approved, then what would be the next one? So a lot of people rushed to Ethereum.
Therefore, according to this rule, once the Ethereum ETF is approved, will the market also be wondering who will be the next one? Will it be the Solana ETF?
Shuqin doesn't dare to say that this logic of rise and fall will definitely hold true, but there is no harm in lying in ambush to see if it will explode at that time.
But whether it is or not, we should consider taking some profits and switching to other coins when the upgrade is completed on May 27, because by then it is likely that the good news will be exhausted and it will face a wave of correction. The next one or two months will be a rotation of sectors, and the Ethereum ecosystem will be the world.
Another good news is that the Michigan inflation data due out at 10 p.m. on Friday will most likely be positive.
Because the market has expected it to drop by 0.1%. If it meets expectations, it will be as exciting and boost the market as the previous CPI positive news. I hope everything goes well this time, and we can fly again together, okay!
Finally, don’t forget to like and follow us, let’s achieve wealth and freedom together in this bull market! Bye~
