I can clearly feel that something big is coming!!!

ETH/BTC is expected to achieve a major breakthrough next month!!!

Ethereum's market value has also been tested by the recent sell-off, and its price has slipped below $3,400. On the weekly chart, ETH is down 3.5%, compared to Bitcoin's 5.8%. However, ETH's recent performance relative to BTC appears to be relatively stable. According to technical chart analysis, there are reports that the ETH/BTC pair may see a major turn before the Ethereum spot ETF is expected to be launched next week.

Can the launch of the Ethereum spot ETF boost ETH prices?

We observe that ETH/BTC has successfully crossed the 365 simple moving average, which may indicate the arrival of the "altcoin season". If Ethereum can break through the 0.06 BTC threshold, the current bull market will be further strengthened.

It is predicted that once these key levels are broken, a large amount of capital will pour into the Ethereum ecosystem. In particular, the Ethereum spot ETF, which is about to be launched in the United States, may become a key force driving this trend. Ethereum ETF has been severely undervalued and under-hyped this year. Compared with Bitcoin ETF, its approval has not caused the same market frenzy. Lao Li feels that Ethereum ETF is almost an overlooked opportunity. There is no excessive expectation and no excessive hype.

Lao Li firmly believes that as the price of ETH/BTC increases, the entire Ethereum ecosystem will benefit from it, further attracting more usage, liquidity and developer participation. Although the altcoin cycle performed flat in the first half of the year, starting in July, the market trend may turn to altcoins, bringing more generous returns to investors.

First of all, we must recognize the situation and ourselves. The purpose of coming to this circle is to change our lives. Please build a complete plan for yourself. When to buy? When to sell? What target to buy and what is the strategy? How to do risk control?

#BOME  #SOL  #etf以太坊  #BTC  #WIF