Predicting the impact of the passage of Ethereum ETF $ETH

1. Rise in Ethereum price

The passage of Ethereum ETF will directly drive up the price of Ethereum. Although Grayscale may sell ETH, referring to the example after the passage of $BTC , the panic sentiment is not expected to be too serious. At present, the sentiment of the rejection of the Ethereum spot ETF application is being digested by the market.

2. Promote the application of altcoin ETF and bull market

The passage of Ethereum ETF will stimulate the ETF application of other altcoins, especially SOL. This will drive the altcoin market into a bull market. SOL and other altcoins may quickly follow up on the application for ETF, and companies in the market are preparing relevant materials.

The passage of spot ETF is expected to drive the altcoin market out of a wave of market conditions and ease the pressure on security tokens. By then, tokens that have been depressed due to securities issues in the past year (such as ADA, MATIC, DOT, ATOM, etc.) may have the fastest and highest growth. At the same time, ETH's related sectors will rise, and the activity on the chain will also increase.

3. Impact on the market share of Bitcoin

The approval of Ethereum ETF may reduce the market share of Bitcoin (Bitcoin) and push the market value of altcoins to rise. This is in line with the situation of the bull market in previous years, but Bitcoin's market share has been high for a long time. The application of Ethereum ETF has a greater impact on the entire altcoin market, because Ether is the leader of altcoins.

If the Ethereum ETF is not passed, the market may fluctuate briefly (pin), but the negative impact is limited because the market has been digesting it. In the current market, bad news may bring opportunities and test investors' position management. In short, we need to adapt to circumstances. $ETH