A detailed analysis of the timing of escaping the top of Ethereum (prepare for a mid-line callback, not the ultimate escape):

First of all, there is a nearly 100% chance that the Ethereum ETF will be approved tonight. Both Fidelity and BlackRock have quickly resubmitted revised versions of the ETF documents in the past two days. Just think about it!

The SEC asked so many companies to modify their documents at the same time, which is definitely a prelude to approval. If it wants to reject it, it only needs to reject Fidelity, which has a deadline of May 23, instead of calling all applicants to modify their 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 is unlikely to be listed on the Nasdaq the next day as soon as it is approved, like the Bitcoin ETF, because this time it is really too hasty, and the CSRC made a temporary change due to pressure from the election.

Therefore, the S1 form and the custodian may take a few extra weeks to prepare, but Xin Ge thinks this is actually a very good thing, because before the ETF is officially launched (the shoe has not dropped), Ethereum will have huge upward momentum.

Therefore, the longer the extension, the better. Only on the day of listing on the Nasdaq will the positive factors be exhausted and the real correction begin.

So how should we operate in this wave of Ethereum market? Where can we buy at the bottom and sell at the top?

We can refer to the trend of Bitcoin ETF before and after it was approved. Bitcoin ETF was approved on the morning of January 10th, New York time.

After that, it surged by nearly 10%, and then there was a small correction. It was not until the next day when it was listed on the New York Stock Exchange and Nasdaq that the good news was exhausted and it began to pull back sharply.

So, if we cut the figure in half, Ethereum will surge 10% when it is approved tonight, 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, and then all the good news will be exhausted.

But the correction is a correction, and then the major Wall Street funds entered the market. Two weeks after the correction, Bitcoin started to rise for several months, flying directly from 38,000 to 73,000.

So remember to buy the bottom bravely when the price drops sharply, because Ethereum’s journey has just begun. 4,000 is just the starting point. I think it will soar to 6,000 in two or three months.

Then at the end of the year, the Prague upgrade will soar again to 8,000 or even 10,000, and that will be our ultimate chance to escape the top.#EthereumETFApprovalExpectations#Binance#BTCTrendAnalysis#ETH#BTC$BTC $ETH $BNB