The market fell and funds were collected. Ethereum still followed the old path of Bitcoin. Ethereum ETF is still relatively smooth at present. If Ethereum can pass smoothly, the next outlet will belong to the cottage!

No matter how VC, retail investors, exchanges, and Mao Mao Party argue endlessly. Cryptocurrency practitioners have always been very united on major events. Bitcoin has also seen a retracement of the position builders that drove the market in the last round. This retracement even caused many funds to have negative returns.

The recent impact of Mentougou and the German government on Bitcoin has not affected long-term holders. Instead, it has promoted the retracement of position builders at $40,000 after the Bitcoin ETF was passed. (The last round of market was also driven by this fund) If the Ethereum ETF can be passed smoothly this month, this fund will also appear in Ethereum and cottages. If the Ethereum ETF can be passed, it not only means that the technology of Ethereum alone has been positively recognized by the society, but also means that many cottages can use Ethereum as a template to avoid related legal risks. When the law is unclear, it is usually based on reference.

Starting from the price of 27,000 USD, Bitcoin has experienced a six-day correction. At that time, the market was also howling. The Bloomberg gossip led to a 14% increase (since then, a six-month-long surge in the market). Obviously, what Bitcoin has experienced is also happening to Ethereum, but Ethereum is too locked up because of the news leaked by the SEC chairman (before the summer in the United States, probably before August), which led to a rapid collection of funds in the market.

Maybe the market will fall a little bit, creating a strong panic, but once Ethereum is recognized, it is a recognition of all altcoins, or the establishment of a standard altcoin template. (For blockchain, Bitcoin does not have much technical value, while Ethereum represents the trend of the development of the entire blockchain technology. Compared with Ethereum, Bitcoin is more like a simple storage tool)

There is no need to panic too much, especially to deny altcoins too much. The United States came here to expand the influence of the US dollar and popularize its use, but no stablecoin is built on Bitcoin. #ETH🔥🔥🔥🔥 #BTC☀ $BNB #ETH🔥🔥🔥🔥 $ETH $BTC