đIs the price drop of Ethereum due to investor sentiment, not a $420 million ETF outflow?
đ§ Since the launch of the Ethereum ETF, the market has seen significant outflows, totaling $420 million. At the same time, Bitcoin once fell by 40% after the Ethereum spot ETF began trading, and the current decline has stabilized at 26%.
đ„ Many investors originally expected that the listing of the Ethereum spot ETF would bring strong gains similar to those after the adoption of the Bitcoin ETF, but the reality has not developed according to investors' vision!
đ However, investors may have overlooked one fact. When the Bitcoin Spot ETF was first listed for trading, it also experienced a 22% correction. Now, the 40% correction in the market after the launch of the Ethereum ETF, which is currently down to 26%, does not necessarily mean that the ETH ETF has no positive impact on Ethereum, but it may just be that the rise of #ETH has not officially started.
đïž Some people believe that Ethereum is currently in a severely oversold state. In recent weeks, Ethereum has also seen some of its strongest buying in the past two years. Therefore, most investors are very optimistic about Ethereumâs market performance from the end of the year to the beginning of next year.
đ§ Here, I would like to remind everyone again that the key to becoming a good investor lies in the ability to think independently. Don't make hasty investment decisions simply because of mainstream media reports or analyst opinions. Only with rational analysis and prudent decision-making can you make long-term profits in the market!
đŹ What do you think of the impact of Ethereum ETF? How do you think investors should develop the ability to think independently? Leave your opinions in the comment area and letâs discuss it together.
