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Ethereum ETF is coming on July 2nd, revealing great opportunities and risks in the future!
Important news! Ethereum ETF trading has been advanced to July 2nd!
From a technical perspective, ETH presents a 4-hour bullish divergence and a false breakdown followed by a recovery, while the US just issued another 1 billion USDT, all of which brings significant favorable information to the market.
In the short-term market, people are very optimistic about the early approval of the ETF S1 for Ether. Once the spot funds of the ETF flow in, it will definitely drive the strong rise of the Ether series currencies!
In addition, the expectation of interest rate cuts is imminent, and the US election will also be favorable for the encryption market, making the second half of the year highly anticipated.
However, the risk that needs to be highly vigilant is that the current total market capitalization of altcoins has reached almost the level of a bull market, but there are still many currencies that have not outperformed the market, indicating that the market has entered a bull market state, but it will not like the previous bull market, where all sectors and currencies continue to hit new highs. This bull market will test investors' ability to select coins, and selecting the right coins is crucial, otherwise their efforts will be in vain! What are the trading opportunities in the future market, where are the risks? Let's wait and see!
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