According to institutional sources, the Ethereum ETF will be listed for trading as early as mid-June and officially launched no later than early July. Based on the timeline, speculative activities in the market may have less than 30 days remaining.

During this period, it is also the final whipsaw and harvesting time for the dealer before the arrival of a major market. Once this stage is over, coupled with the high probability event of the Fed cutting interest rates in September, do you still think that $10,000 is a daydream?
The interest rate cut policy in September will directly affect market liquidity and investor sentiment. If the rate cut arrives as scheduled, the Ethereum ecosystem will take off comprehensively, triggering the altcoin season, and the price of the coin will rise sharply.
But before that, the market still needs to withstand the selling pressure of 3 million Grayscale coins. Some may ask, why isn't Grayscale selling now? Because they can't. Grayscale's holdings are locked, and the selling pressure can only be unlocked in the US stock market after the Ethereum ETF is listed.
In 2020, Grayscale held 3 million Ether at a cost of $300-400. So far, the price of Ether has risen several times. Therefore, once the ETF is listed, Grayscale will definitely sell.
However, there is no need to worry too much, because the market is not only limited to Grayscale, but also includes BlackRock. Based on the experience of Bitcoin ETF, BlackRock behaves like a real giant.
From June 2023 to May 2024, the price of Bitcoin rose from $25,000 to $73,000. Regardless of price fluctuations, BlackRock has been fervently buying in the market, achieving a profit increase of 190%.