Ethereum | ETH & ETF 🌔
2024-02-14

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,  CRYPTOCAP:ETH  +50% from about a month before to the day which  CRYPTOCAP: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  CRYPTOCAP:ETH  rally

📅May & Moon

Earliest decision for the 7  CRYPTOCAP: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  CRYPTOCAP: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  CRYPTOCAP: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  CRYPTOCAP:BTC  ETF approval, a  AMEX:GBTC  Sell off event occurred. 
Similarly, as the  CRYPTOCAP:ETH  ETF deadline nears, expect FUDs like:
- Celsius  CRYPTOCAP:ETH  Sell-off
- SEC "Security token"
- Coinbase·SEC Lawsuit
- Grayscale's  OTC: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  CRYPTOCAP: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  CRYPTOCAP: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



