Many of us have been asking if the ETH narrative is already over and from my research, the honest answer is that it's only just getting started.
Back when BTC got it's ETF approval we saw the price rise almost 70%+ in the subsequent months, I expect a similar reaction from ETH's ETF approval.
It's so damn true. ETF approval will help ethereum to get more inflow from the big companies. Bitcoin has moved up 57% since it was being approved by ETF. Im expecting ethereum to do more than it. It may be pumping more than 57% once ethereum ETF will be approved soon.
Im still counting the time to wait for the ethereum approval to be announced by SEC. A lot of positive responds showed by SEC.
If assumed it plays out, Ethereum should make new all time high's sooner than later.
What do you think?
It may be soon after ETH ETF listing but im not really sure since we are still far away from the new ATH. We have not yet surpassed 4k and there is still another 1k to go. Im expecting ethereum to surpass 4k first. Im not feeling so optimistic with ETF but the bullish trend of bitcoin seems give me a new hope to see ethereum to break new ATH soon.
Im feeling so good with the current situation of ethereum. That being said that if things have been going very well for ethereum at this moment. Let's see bitcoin's movement first.