#ETH has four major benefits:

1. Institutions such as BlackRock, Grayscale, and Franklin have submitted updated S-1 application documents for spot Ethereum ETFs.

Combined with previous news, it is said that the ETH spot ETF will be launched in July, so this launch should be stable.

2. Last week's ETH developer conference determined the time for the Prague upgrade, which was set in November.

Generally speaking, ETH upgrades are hyped for half a year, and now is the right time to lay out.

3. The total ETH pledge volume has reached the highest.

The more pledges are locked, the less tokens are in circulation, and the more benefits there are for tokens.

4. The ETH/BTC exchange rate has been stable above 0.005 for a month.

For the ETH/BTC exchange rate, 0.005 is a key position. As long as this position is not broken, the bullish sentiment for ETH will not stop.

In short, although the Mentougou incident caused a significant drop yesterday, for ETH, it was only a 5% drop, proving that the bearish sentiment of ETH is not serious. And no matter what Mentougou says, it will not compensate ETH, and the funds may flow to ETH after the compensation.

I need fans, you need references. It is better to pay attention than to guess.