According to Odaily, a recent study by K33 Research indicates that despite the market's current state of range-bound fluctuations with low volatility, traders' positions reflect a moderate excitement for the Ethereum ETF. Even though the Ethereum market has been relatively calm this week, the inevitable launch of the Ethereum ETF is expected to follow a similar explosive path as Bitcoin. The report predicts that the Ethereum ETF could accumulate over one million ETH.
The study suggests that the market is still in a phase of range-bound fluctuations, indicating low volatility. However, the positions held by traders show a moderate level of enthusiasm for the Ethereum ETF. This is despite the Ethereum market remaining relatively calm this week. The research anticipates that the launch of the Ethereum ETF is inevitable and that it will follow a trajectory similar to that of Bitcoin.
The report further predicts that the Ethereum ETF could accumulate more than one million ETH. This projection is based on the current market conditions and the observed interest from traders. The study by K33 Research provides valuable insights into the potential future of the Ethereum ETF and its possible impact on the market.