Analysis of recent Ethereum dynamics is as follows: Bullish 📈, for reference only!
1. Exchange ETH inventory hits 8-year low: Ethereum inventory on exchanges has fallen to an 8-year low, indicating that investors prefer long-term holding rather than trading.
2. SEC suspends investigation of Ethereum: The U.S. Securities and Exchange Commission (SEC) permanently suspends its investigation into Ethereum, confirming that Ethereum is not a security but a commodity. This is a major victory for Ethereum's legal status, and Consensys celebrated it, calling it a major victory for the Ethereum community.
3. Spot ETF launch expectations:
July 2: ETH ETF's S-1 registration document expiration date.
July 4: Spot ETF may be launched.
August 7: BlackRock ETH ETF application resolution time.
4. Large investors hoard coins: ETH continues to flow out of exchanges, indicating that large investors are hoarding coins.
These factors together may drive capital inflows into Ethereum and its ecosystem, making it the focus of market attention. In the next two months, Ethereum and its ecological projects are expected to become the main theme of the market, especially those high-quality ecological projects.
Market confidence in Ethereum has increased significantly, and the launch of the ETF may mark the arrival of a real bull market. Delphi Ventures founder Tom Shaughnessy and CoinFund president Christopher Perkins made positive comments on this, believing that this is an important step forward in the field of cryptocurrency
