Why isn't ETH pumping right now? Here are some possible reasons:
A comparison with the BTC ETF launch:
Possibility for Ethereum:
- No capital inflow: The ETFs haven't started yet, so there's no fresh capital inflow.
- Early buyers: Since the SEC decision earlier this week, many have already bought what they wanted.
- Regulatory hurdles: Only the 19b-4 filings were approved today, not the S-1 forms. In contrast, the Bitcoin ETF approval had the S-1 forms ready, allowing for a quick trading start.
- Delegated authority: The approval by "delegated authority" could still be challenged within the next 10 days.
A comparison with the BTC ETF launch:
- Price increase Q3 last year: Much of it due to speculation that a spot BTC ETF was imminent.
- Market volatility from Cointelegraph post: Notorious events like the Cointelegraph posts on October 15 caused significant market volatility.
- Serious discussions in January: Suddenly, it became likely that the ETF would be approved that month.
- BTC ETF approval: The SEC approved the BTC ETF on Wednesday, January 10.
- Immediate +5% pump: An immediate +5% pump, followed by a significant selloff that lasted almost 2 weeks and severely impacted the market.
- Recovery and new ATH: BTC recovered around 39k and almost doubled to a new all-time high.
Possibility for Ethereum:
- Buy the Rumor: Massive price increases in anticipation of the event.
- Sell the News: Market downturn as the event is already priced in.
- Delayed Fuse: Long-term bullishness is processed by the market over a longer period.
✅ Daily Charts (price targets & commentary)
✅ Exact setups inclusive Limit Order & Stop Loss
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Discord - discord.gg/G9c5TGETt2
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✅ Exact setups inclusive Limit Order & Stop Loss
✅ Challenges
Discord - discord.gg/G9c5TGETt2
Telegram - t.me/+U7KhRNv61XczZmQ0