For the first few months BTC ETFs were echoed that BTC ETFs will be approved or not and a huge height was created and we all saw that BTC ETFs were also approved and this event passed but now Ethereum is everywhere. There are eyes on ETFs whether it is approved or not but if we consider the news of the last few days, ETFs of BTC as well as Ethereum have been approved in many countries and it is likely that in the coming days in the United States too. This will be approved as the US will take advantage of the emerging crypto market and at the same time put its own concerns on the crypto market.
Many new investors think that if Ethereum ETF is approve , then a big pump will be seen in the market, so I want to tell all the new investors here that whether it is crypto market or any other market, events play their role everywhere. But if you are thinking that the price of Ethereum will double due to ETFs, then there is nothing like that,
so run your trade like a smart trader and don't rush at all, because after ETFs, both these market will pump dump. You can see clearly these two pump and dump from last 24 hours
and always remember that the amount of hand the event has in running and raising the market is not more than the hand of big fishes who swallow the capital of small fish while living in the sea and this is the situation in crypto and every It happens in the market where big fishes swallow the capital of small investors.
If we look at the current situation, the crypto market is green and the best option at this time is spot trade and some traders are making losses in future trade, but this is the best time to spot trade considering the support and resistance during ETFs event of ethereum. and do scalping for short periods of time but stay away from excessive leverage.
Now let's talk about the bull run, so has the crypto bull run season started, then I will say that the crypto bull run has started with its full force and it is a silent bull run which is apparently showing you that the crypto market is crashing but actually this bull run season has started and this bull run will be at its peak till August and it will be at its peak at the beginning of 2025 and this is the best time for all new investors to start investing in better projects. Because whenever a coin or market will dump, it will be the best opportunity for Dump investment which no one should miss.
In the end I will say that there will always be ups and downs in the crypto market but always keep an eye on events because these events are very helpful in taking exit and entry in the market. There are 90% chances that Ethereum ETFs will be approved in the next 24 hours and if these ETFs are approved, then the price of Ethereum will reach 10k dollars by the end of this year and within two to three years this price will reach 20k dollars. because this is the launch and after the launch the talk of ATH price will start. I will always say that always trade with positive thinking and always get less profit from your trade and take timely exit and this is the sign of a wise trader. I hope you will find my article today informative. Thank you all very much for reading my article.