The Bottom Line:
- The author is loading up hundreds of thousands of dollars into Ethereum-related investments, anticipating a potential liquidity crunch and price surge following the launch of Ethereum spot ETFs.
- A Bloomberg analyst has provided insights suggesting a high likelihood of Ethereum spot ETFs being approved within the next few weeks, potentially before the July 4th weekend.
- The author has successfully traded Ethereum, selling at the highs and buying back in at the lows, generating significant profits.
- The author believes the liquidity crunch caused by spot ETFs buying Ethereum in the open market could drive the price to new highs, similar to what was observed with the launch of Bitcoin ETFs.
- The author is prepared to buy more Ethereum if the price drops further, with a line in the sand at $3,284, as they are confident in the long-term potential of the asset.
