After the Ethereum spot ETF is passed, in addition to benefiting Ethereum itself, who else will benefit? Of course, it is its younger brother L2 series.

Among L2, which varieties have greater potential!

I think Manta is definitely an OP that everyone is familiar with in the MantaRWA ecosystem. ARB was launched in 2022 and 2023. It has experienced the main rising wave of the market, which means that it has risen several times, and the market has a rough regional value for its valuation.

However, as an L2 variety that was launched in 2024, it has not experienced the main rising wave. After it was launched, it has been a fluctuating downward trend (regular operation, OP ARB is also the same), which means that the market's FOMO sentiment towards it has not been launched, and there is still a lot of room for upward movement.

At the same time, the current market value of Manta is low enough, only US$560 million. Let's look at its brothers, ARB is US$3.1 billion, OP is US$2.7 billion, and STRK, a brother launched this year, also has a market value of US$1.4 billion. It can be seen that Manta's current market value is really not high, and its ranking is also outside the top 150.

A small market position is not a bad thing for us. On the contrary, it has more room for growth. If it rises 2-3 times, the market value will be only tens of billions of US dollars, which is not high.

Let's look at the technical side

After the launch, the price fluctuated at a high level for 2 and a half months, and then began to show a downward trend for 1 and a half months.

After hitting a new low on May 20, the market began to rebound and broke through the downward

channel. At present, we need to pay attention to the horizontal suppression price of 1.9

If it can be successfully broken through, Manta may go out of the upward trend, and there is more than 1 times the space to the previous high.

Not to mention the market that ETH led the younger brother to start after the ETF landed, it was easy to break through the previous high!

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