I just bought plenty of ETH @3100 and it's been quite great decision so far, but I already losing some money on my long position with 2x leverage so just want to even out the loss but i expect the price to get back to $3500 again just like how BTC back then when there were so many outflow the price tanked only for it to go back again after these fomo people done selling their BTC.
just remember that ETF is not a pump and dump event but to expose ETH to bigger capital.
Agreed! ETF is for big hands to be able to have some ETH for themselves in funds. I too think the ETH should go back to where it was or even a bit higher, but I would only go in the spot (when the price is 3000-3100ish, which it was recently), go into the long game and watch after the news.
price already rising again, it's the same pattern just like BTC all over again, tanking when BTC ETF is live because the whales are selling on the news, but it seemed even BTC right now is nearing $70k which helps quite a lot in growing the ETH as well.
i'm expecting ETH to go back at around $3500 level once BTC breakthrough $70k since it just means that there's bigger chance for the market to pump BTC again beyond $74k which is previous ATH and we will see massive jump in the price like 2020 again.
history will repeat itself
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I agree! We should wait out and be patient, as there are many factors in place, and the rush is not needed. Big hands will get what they want from the dips that happen now (because of those who already put their investments on futures long on ETH), but this won't be forever, as you said with the moves from Bitcoin we should be able to see ETH on the pump.