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Alt season (Ethereum beta/meme season) starts from now till the day ETF start trading.
Reason: GrayScale will sell at first days.
Now ETH sideway time. Alts moon🔥
JUST IN: 🇺🇸 The US Securities and Exchange Commission (SEC) has delayed its decision on Ethereum Spot ETFs.
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If ETF gets approved, I don't expect too much upside movement for Eth but It is good for ETH ecosystem ( beta eth, meme ETH will take advantage the most)
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A flag with 66 days consolidation & the center axis 66666.
A real breakout will be huge
#ETH Spotlight in coming days.
If ETH ETF is not approved in 23th May, It will be approved at next dead line at August => Bullish.
If ETH ETF is approved in 23th May, inflows will be bullish.
#BTC on the ranging of 60k-66666.
But It is suffering zone for Alts, especially meme alts in these days.
Considering earning in downside moves.
The hardest part for traders is knowing where/when is trending market, where/when is choppy market.
Profit is made more easily in trending market.
JUST IN: Kabosu, the dog from the Dogecoin meme that inspired $DOGE and Shiba Inu has passed away.
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ETH Spot ETF approved
PEPE printed a new high
ETFI printed a new high
ETH ETF hype is done today.
The tension between China- Taiwan can cause fluctuation soon.
#ETH
already up 25%
ETF news will be released in less than 24 hours. Price has reached supply zone 3k8-3k9$.
massive volatility in 24 hours.
3k8-4k is not good zone for FOMO.
SEC ASKS EXCHANGES TO UPDATE 19B-4 FILINGS ON AN ACCELERATED BASIS FOR SPOT ETHER ETFS: COINDESK
| Coins: ETH
SEC BORSALARDAN SPOT ETER ETF'LERİ İÇİN 19B-4 DOSYALARINI HIZLANDIRILMIŞ OLARAK GÜNCELLEMELERİNİ İSTİYOR: COINDESK
| Madeni Paralar: ETH
Here is what I thought about meme at the moment, especially the top tier meme #WIF.
I have no bias for this. I will try to react following the price formation context:
Plan B: If price breakdown and drops out the red box, there is nothing to discuss more. It should bring more volume in coming days.
Plan A: If price continues ranging in blue box in few weeks/months, the next could be we will see another meme craze in Q3/4 and that would be the macro cycle top.