Once again we see that the market has reached its almost high level price and Bitcoin/Ethereum shown a good price momentum. Crypto market is no doubt at the peak of the bull run and may be second phase of bull has started.
Bitcoin and Ethereum pump was also because of the ETF news, where they stated that it is most likely for ETH ETF approval in the coming days or months.
This news push the price towards the sky and we see a huge surge in the prices of all the crypto coins and specially Eth rises more than 20%.
ETF approval is coming soon and this will be the start of the major bull run for alt coins. One thing to keep in mind that mostly altcoins are connected with Ethereum price move.
ETF approval will take the price of #ethereum to the sky and this will also reacts other crypto coins prices.
Alts are on the brink of explosion and sooner the prices will start rising. According to my knowledge today is the most important for Ethereum and for the whole crypto market.
The reason is that the SEC (Securities and Exchange Commission) will decide on May 23 whether to approve or reject an Ethereum ETF (Exchange-Traded Fund).
Whales, institutions and huge exchanges believe that the chances of approval are higher than what the market predicts.
Therefore, today is the major day for crypto and will see a high volatility in the market. In both the cases bull run is continue but for the short time the market may react the news.
What do you people think about ETH ETF approval? Do you think it will be approved by SEC? Will be glad to see your answers in the comment section.
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