Ethereum ETFs: Time to revamp your ETH strategy before May?

There was a notable increase in skepticism on social media regarding Ethereum, driven by the potential rejection of ETH spot ETF.Despite these factors social activity around Ethereum grew, but not all of it comprised of positive discussions.

Much of the community believes that the significant increase in cryptocurrency value since mid-October can be attributed to the positive sentiment resulting from the approval of spot Bitcoin ETFs in January. As regularly observed, historical data suggests that prices often move counter to popular expectations. Increasing fear, uncertainty, and doubt due to trader impatience could actually benefit non-Bitcoin assets.

While a softened stance or a surprise approval could initially boost Ethereum’s value, overly eager traders’ fear of missing out may lead to a mid-term drop, providing opportunities for large holders to lower prices.At press time ETH was trading at $3,151.30 and its price had fallen by 0.35% in the last 24 hours. The volume at which it was trading at had also fallen by 4.04% during the same period.

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