Ethereum Spot ETF TOMORROW! Expect a HUGE Sell-Off!

The Ethereum Spot ETF launches tomorrow, July 23, 2024.

Over the 12 days following the Bitcoin Spot ETF launch on January 11th, BTC retraced ~20%

If Ethereum follows this pattern, it should fall to ~$2,800 around August 4th.

We know that Grayscale holds ~9.87B ETH and it plans on charging its customers 10x the management fee vs competitors.

I very much expect a big sell-off because of this, possibly greater than 20%
ETFETHEthereum (Cryptocurrency)FibonacciSupply and DemandTrend Lines

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