Today, the price of Bitcoin has reached an all-time high as a result of ETF approval, which allowed Blackrock and other firms to begin buying #bitcoin, resulting in an all-time high price for Bitcoin.
The goal of using the term ETH approval is to indicate that once accepted, prices skyrocket. Now the question is if #ethereum will experience a high price after being approved by ETF.
On Thursday, the SEC authorized important regulatory filings related to ether ETFs. This is without a doubt the second historical excellent move in the cryptocurrency sector following the adoption of the Bitcoin ETF.
Will it be worth investing in Ethereum once the ETF is approved? Will the price rise during this bull run? What are the potential risks after investing? These are all the questions that numerous people have asked me.
According to my understanding and market experience, I would definitely recommend buying Ethereum at its current price and #HODLing till the end of this bull run.
In terms of fundamentals, Ethereum is a solid coin and the second largest cryptocurrency in this industry. It has the potential to reach a new all-time high in this cycle.
Many people are anticipating a massive pump in Ethereum, but they are mistaken because prices rarely react immediately following news and confirmations, but rather require time.
Just like we saw with Bitcoin, after its EFT approval, it comes down in price until huge companies start investing in Bitcoin.
As a result, be cautious in this regard, and I believe Ethereum will fall from its current price, or if you have already purchased ETH, you can hold and wait.
I believe the price of Ethereum will fall by 5-10%, which will be a perfect moment to buy.
Ethereum's price could skyrocket, even by ten times, during this bull run, as investors who are currently invested in Bitcoin will undoubtedly shift their funds to Ethereum.
In this approach, the coin will gain momentum and its price will undoubtedly rise. Among all other crypto coins, Ethereum, in my opinion, is now the best investment option.
This is not financial advice, but rather intended for educational purposes only. Do your own research before purchasing any cryptocurrency.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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