99 days are left until the Ethereum spot ETF Approval and so many good news on the way 🚀
lets see why we are bullish on Eth
• EIP4844 on March 13th
• Many Asset Managers chasing ETH Yield
• ETF Inflow > GBTC sell off
• Multiple L2's Launching
📅Feb & March
The Ethereum Dencun upgrade will take place on March 13th and looking back at last year's Shanghai Upgrade,
ETH
+50% from about a month before to the day which
ETH
might behave in a similar way
📅March & April
Bitcoin halving is scheduled for April 17 and Historically Bitcoin has averaged a +70% increase from about 50 days before to the day of the halving.The halving event will indirectly help sustain the
ETH
rally
📅May & Moon
Earliest decision for the 7
ETH
spot ETFs is set for May 23 While the scenario won't play out the same, the market knows that Spot BTC ETF saw
BTC
jump +80% in the 3 months pre launch.
Also a rally without any market corrections is not realistic
There were at least 3 dips before
BTC
ETF Approval:
- Fake Cointelegraph ETF News (where is that Intern? probably he is the CEO now!)
- Matrixport ETF Rejection Scenario
- SEC Hacked
Even after
BTC
ETF approval, a
GBTC
Sell off event occurred.
Similarly, as the
ETH
ETF deadline nears, expect FUDs like:
- Celsius
ETH
Sell-off
- SEC "Security token"
- Coinbase·SEC Lawsuit
- Grayscale's
ETHE
These FUDs will also likely provide 2-4 juicy dips to buy. Why Juciy?
Because Onchain signals often lead market sentiment so lets check exchanges eth
also Ethereum balance on Exchanges is getting very low
- The Merge burning & EIP1559
- Liquid Staking & Restaking
- Other important Ethereum projects like Starknet, LayerZero,are expected to launch in H1 2024
🇼allstreet chasing
ETH
Yield
ARK/21Shares' case may set a precedent, indicating other institutions could also include staking in their ETF proposals plus Franklin has expressed interest in staking the
ETH
held by their proposed fund.
Conclusion 🐂
ETH has cleared the hurdles from past market downturns (FTX, Celsius, GBTC) and is now entering a new phase driven by ETF demand.As the ETF decision nears, I think we could witness a strategic rotation of capital from BTC to ETH in the upcoming weeks so Im All In
lets see why we are bullish on Eth
• EIP4844 on March 13th
• Many Asset Managers chasing ETH Yield
• ETF Inflow > GBTC sell off
• Multiple L2's Launching
📅Feb & March
The Ethereum Dencun upgrade will take place on March 13th and looking back at last year's Shanghai Upgrade,
ETH
+50% from about a month before to the day which
ETH
might behave in a similar way 📅March & April
Bitcoin halving is scheduled for April 17 and Historically Bitcoin has averaged a +70% increase from about 50 days before to the day of the halving.The halving event will indirectly help sustain the
ETH
rally 📅May & Moon
Earliest decision for the 7
ETH
spot ETFs is set for May 23 While the scenario won't play out the same, the market knows that Spot BTC ETF saw
BTC
jump +80% in the 3 months pre launch. Also a rally without any market corrections is not realistic
There were at least 3 dips before
BTC
ETF Approval: - Fake Cointelegraph ETF News (where is that Intern? probably he is the CEO now!)
- Matrixport ETF Rejection Scenario
- SEC Hacked
Even after
BTC
ETF approval, a
GBTC
Sell off event occurred. Similarly, as the
ETH
ETF deadline nears, expect FUDs like: - Celsius
ETH
Sell-off - SEC "Security token"
- Coinbase·SEC Lawsuit
- Grayscale's
ETHE
These FUDs will also likely provide 2-4 juicy dips to buy. Why Juciy?
Because Onchain signals often lead market sentiment so lets check exchanges eth
also Ethereum balance on Exchanges is getting very low
- The Merge burning & EIP1559
- Liquid Staking & Restaking
- Other important Ethereum projects like Starknet, LayerZero,are expected to launch in H1 2024
🇼allstreet chasing
ETH
Yield ARK/21Shares' case may set a precedent, indicating other institutions could also include staking in their ETF proposals plus Franklin has expressed interest in staking the
ETH
held by their proposed fund. Conclusion 🐂
ETH has cleared the hurdles from past market downturns (FTX, Celsius, GBTC) and is now entering a new phase driven by ETF demand.As the ETF decision nears, I think we could witness a strategic rotation of capital from BTC to ETH in the upcoming weeks so Im All In
Comment:
Eth/Btc
Trade active:
Comment:
Justin Sun address purchased 54,721 ETH through Binance and DEX in the past 32 hours, worth approximately $154.4 million. The wallet withdrew 500 million USDT from HTX on February 18 and deposited 50 million USDT into Binance today
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Comment:
Grayscale CEO says a spot Ethereum ETF is "a matter of when, not a matter of if."
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Comment:
Ethereum Foundation: The Dencun network upgrade has successfully activated on all testnets. It is now set for deployment on the Ethereum mainnet and will activate on the network at epoch 269568, occuring on March 13, 2024 at 13:55 UTC. Most notably the introduction of ephemeral data blobs with EIP-4844, also known as "protodanksharding", which will help reduce L2 transaction fees.
Trade active:
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eth is not even started yet
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Comment:
Ethereum's funding rates have seen a significant uptick, reaching levels reminiscent of late 2020 when Ethereum was poised for a robust bullish rally toward its all-time high
Trade active:
Comment:
Vitalik: If quantum computers are available, and bad actors are able to use them to steal users’ funds. The blockchain would have to hard fork and users would have to download new wallet software, but few users would lose their funds. The infrastructure to implement a hard fork like this could in principle start to be built tomorrow, making the Ethereum ecosystem maximally ready in case a quantum emergency does actually come to pass
Trade active:
we just hit the 4k
Comment:
a decrease in the exchange reserves means there isn’t much selling pressure in the Ethereum market. If this steep downtrend continues, the price could go up even further
Comment:
> Sell all of our ETH.
> Tell Gary to drop the ETF FUD.
> Tell Gary to drop the security FUD.
> Hit em with the headlines.
> The plebs will panic sell.
> We buy up ALL the coins.
> Force the SEC to lose every case.
> Approve the ETF.
Thanks for playing!
> Tell Gary to drop the ETF FUD.
> Tell Gary to drop the security FUD.
> Hit em with the headlines.
> The plebs will panic sell.
> We buy up ALL the coins.
> Force the SEC to lose every case.
> Approve the ETF.
Thanks for playing!
Comment:
Brian Quintenz: “When the SEC allowed ETH Futures ETFs to trade on its regulated security exchanges, it explicitly acknowledged the status of the underlying, ETH, as being a non-security and outside of its jurisdiction”.
Comment:
BlackRock CEO Larry Fink said that even if the U.S. SEC designates Ethereum as a security, it is still possible to launch an Ethereum ETF, and it will continue to try to launch an Ethereum spot ETF. Currently, eight potential issuers, including BlackRock, have submitted Ethereum spot ETF applications to the SEC
Trade active:
Comment:
China Asset Management, Bosera Capital, HashKey Capital Limited, etc. announced that their applications for Bitcoin and Ethereum spot ETFs have been approved by the Hong Kong Securities and Futures Commission, allowing investors to directly use Bitcoin and Ethereum to subscribe for corresponding ETF shares
