Regarding the issue of Ethereum's ETF being passed this week, the community generally discussed the possibility of an Ethereum ETF and believed that it could become an important driving force for the market, or even a turning point. I hold the following views on this:

In 2022, one of the reasons why the market entered a bear market phase was the incident of a certain An exposing FTX, which caused FTX and its affiliated company Luna to suffer a serious blow, and the US interest rate hike also hit several banks.

In 2023, the conflict between the United States and Russia and Ukraine plunged the market into turmoil.

In 2024, if the Bitcoin ETF is passed, coupled with the US plan to cut interest rates in September, it may trigger a strong rebound in the market.

However, the market fell because the United States said in June and July that it would not cut interest rates, and the Mentougou incident caused institutions and governments to sell assets.

The market situation has calmed down at present, and we are currently pinning our hopes on the launch of the Ethereum ETF and hope that the US interest rate cut in September will inject new momentum into the market.

The future market trend is difficult to predict, but I know that the greater the hope, the deeper the disappointment; however, capital tends to act quickly at the most pessimistic moments.

Therefore, it is very important to be patient and keep faith in the market.

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