If Ethereum ETF is approved, what will happen: Former Goldman Sachs Executive Explains!

The US Securities and Exchange Commission (SEC) contacting institutions that want to issue spot Ethereum ETF on May 20 and expediting the process had a positive impact on the market.

In addition to this excitement, Bloomberg's leading analysts have raised the probability of approval from 25% to 75%. This optimistic outlook has caused Ethereum's price to increase by more than 20% in just one day.
Former Goldman Sachs executive Raoul Pal, who commented on the subject, drew an upward scenario for the price of Ethereum.

Pal emphasized that in the scenario of high demand for ETF, if 30% of Ethereum is staked and the ongoing burning operations significantly reduce the supply, it could lead to a situation he referred to as "banana zone squared".

This term refers to the period of rapid rises and market volatility that emerged due to the rapid adoption of crypto and significant increases in market capitalization.
One more topic I've been talking about for a while: What happens to the price of ETH if there is a high demand for ETF and 30% of it remains in shares (off-market) and burning makes the supply deeply negative as activity increases? It can create a "banana zone squared"...

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