#ETH Market Snapshot 5.22:

Brothers, good morning. ETH rose 20% yesterday. How should we operate today?
Before the rumored ETH ETF is approved, we have conducted several days of analysis.
All of you have been given this opportunity.
The key point of the recent market is whether ETH's ETF will be approved tomorrow.
Tomorrow's ETF for ETH will be approved.
Could it be that the Doge House is deceiving us?
What is the probability of passing?
Although everyone says they want to pass,
But will there be a black swan reversal?
After all, the crypto world dealers are too cunning, they have slaughtered us suckers many times.
The basis for being able to pass is to notify the exchange by the SEC.
Accelerate the update of the 19B-4 document about the Spot Ether ETF.
But most of the news sources are rumors.
This is worth being alert.
In addition, we are looking at two different situations:
(1) If passed, two situations
- Then ETH will continue to rise, with a probability of 40%
- Favourable information turns into unfavourable information, triggering a pullback. After all, this is how it goes after BTC's ETF is approved, with a probability of 60%.
(2) If it doesn't pass, it must be a big pullback.
Let's take a look at the on-chain data again.
(1) Yesterday, the exchange received over 10,000 BTC.
(2) Stablecoin major outflows
Last night, Federal Reserve officials said again that they would wait for three to five months of data to continue weakening.
The Federal Reserve will consider cutting interest rates by the end of 2024.
The road to interest rate cuts is still long.
This wave pump altcoin didn't follow pump, so the risk began to grow.
After the release of CPI, it is recommended to hold on for the long term, allowing everyone to hold it for a long time. Yesterday, we made a big profit.
But the market is ever-changing, and viewpoints need to be updated in a timely manner.
Do not be stubborn,
Short-term has been more empty than long in the past few days.
Therefore, it is recommended to reduce the position to below 50%.
If it really passes, there is a chance to profit, if it doesn't pass, then it is a hedge.