Market Outlook for this Week: The volatility caused by ETH ETF has completely subsided, and the market has returned to sideways

Greeks.live macro researcher Adam released this week's market outlook on the X platform (6/3-6/9): This week's top macro events are the US unemployment rate and non-farm data on Friday. It is worth noting whether the long-dormant macro market can affect the crypto market. The approval of the ETH ETF should be as early as the end of this month. Investors need to pay attention to related news. The current IV is falling rapidly, and the expected volatility is small, but once the news of the ETF's approval is exposed, OTC funds will quickly push up the ETH price. This week's major events: Wednesday, June 5* US ADP employment in May Canada Bank interest rate decision FTX Creditors Committee: The restructuring plan and disclosure statement are being evaluated. Objections to the disclosure statement must be submitted before June 5 Thursday, June 6* Eurozone ECB main refinancing rate US initial jobless claims for the week Friday, June 7*** US unemployment rate in May US seasonally adjusted non-farm payrolls in May Crypto market outlook: The volatility caused by the ETH ETF has completely subsided, and the market has resumed sideways trading. ETH still leads the entire cryptocurrency market. Market volatility expectations are low, and IVs of major maturities continue to decline, with only ETH IV slightly higher for the month, mainly due to expectations of ETF approval at the end of this month.