Cryptocurrency Expert: The Enormous Potential Behind the Approval of ETH Spot ETF! The Infinite Possibilities of Ethereum's Future, Why the Price Trend Is Not as Expected?

At 9:30 PM Beijing time, many people mindlessly boasted about the news. The cryptocurrency expert advises everyone to think rationally and not blindly follow the crowd. Firstly, the approval of the spot ETF was actually completed on May 24th, but Ethereum had already pushed up a few days earlier, from around 2900 to 3900.

Since everyone knows that S1 and S3 are just a matter of time, it is normal for the corresponding positive news to be anticipated in advance. However, this does not mean that the approval of the ETH spot ETF is not a very meaningful event. In a certain sense, this is the step that truly opens up the path of cryptocurrency to traditional finance. After all, Bitcoin is unique, and ETH's ETF represents unlimited possibilities in the future. Price is indeed the measure of gains and losses. Although the recent trend of ETH is not as favorable, the positive news has been confirmed, but there has been no significant surge in the market.

One thing to remember is that a new era is already beckoning to us, and this is worth celebrating. Such news would definitely lead to new highs when liquidity is sufficient, but unfortunately, now is not the time. Currently, what we should be most concerned about is how much capital will participate on the first day of the spot ETF's listing and how many chips will enter the market.

Furthermore, as a reminder to retail investors, it is best not to participate in the distribution of the cake by the major players, as there is a concern about becoming part of the cake. Therefore, the best approach is to wait and see, and seize the opportunity after this wave settles, instead of blindly chasing the rise and falling.

I am a cryptocurrency expert, a warrior who has always been protecting retail investors. I wish my fans to achieve financial freedom in 2024. Let's work together!

This article is exclusively provided by the cryptocurrency expert and represents the expert's exclusive viewpoint.

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