Ethereum ETF funds have not yet entered the market on a large scale, but market confidence remains strong.
If we take the most cautious attitude towards the future, even if the market continues to be sluggish in the second half of this year and the first quarter of next year, we must prepare for the worst. This may indicate that the main funds have no intention of letting retail investors share the profits in the short term, but this is only temporary. However, we still have to believe that market downturns often breed new opportunities. The sentiment and market dynamics of retail investors are a true and credible reflection.
Ethereum seems to be experiencing a downward trend, but a closer look shows that the power of the bears is not strong. After a strong positive line, the market has experienced five weeks of adjustment, but it has not completely given up the gains. Moreover, in the process of shrinking volume adjustment, the price of Ethereum came to the support level of the second long-term rising trend line, showing the stability of the bulls. With the end of quarterly delivery and the upcoming launch of Ethereum ETF, the market trend shows a strong upward momentum. In my opinion, Ethereum will usher in a period of eye-catching performance next!
