The older you are in the world, the less courage you have.
The U.S. Securities and Exchange Commission’s (SEC) approval of an exchange-traded fund (ETF) for Ethereum (ETH) has had a significant impact on the market. The decision is seen as an important milestone for the cryptocurrency market as it marks crypto-assets gaining greater regulatory recognition and acceptance by traditional financial institutions in the United States.
The approval of the ETF may attract more institutional investors to participate in the Ethereum market, increasing market liquidity and stability.
However, investors should remain cautious while considering these new opportunities. Although the market's awareness and acceptance of cryptocurrencies has increased, the environment of high interest rates has not changed, and the expectations of a soft landing or mild recession in the U.S. economy have not changed. Most importantly, BTC has not yet found a major trend to break through the $70,000 mark. The entire market must be driven by shocks. It should be noted that BTC is the favorite of American institutions, and it is also the biggest consensus among institutional funds. How many big guys will really advocate ETH? To put it bluntly, ETH may not be as high as NVIDIA's consensus.
Leverage should be appropriate to stop profit, hold the spot and wait for opportunities. A real bull market must be a bull market that rises so high that it makes you doubt your life.