EthHub sassal.eth said on social media that ETH had risen from $3,000 to $4,000 in one day, essentially completing a few months of price action "before ETF approval" in one day (because until May 20, most people thought ETHETF was rejected). Since the ETF was approved on May 23rd, the price of ETH has corrected by 20%, which is the same as the 20% sell-off in BTC after the ETF was approved on January 10th. Now, we will wait and see if ETH will follow the same route and hit a new all-time high in the next few weeks. I know that the BTC ETF has been trading since day one, while the ETH ETF has not yet traded, although I don't think this is as important as the narrative/market going forward. I think the main risk for ETH at the moment is a possible grey release ETHE outflow, but ETHE has been trading at a discount of less than 2% for months (and now at a premium), and I don't know how many people are still waiting to convert to an ETF and sell? And we also don't know what the fees will be after ETHE converts to an ETF (probably much lower than expected, or waived for a period of time to bring people into its mini trust). All in all, I don't think there are fundamental reasons to be bearish about the future. Stocks are at all-time highs, interest rate cuts are highly likely on the horizon, cryptocurrencies face a lot of regulatory upside, the U.S. could soon shift to a more crypto-friendly regulator, and of course, the ETHETF is finally going to start trading this month. Your main goal in the cryptocurrency space remains the same: to survive.