Many people have questions, why is ETH still so weak when the Ethereum ETF is about to be passed?
I have mentioned it many times, many people bet on this wave of positives, but some institutions have made contracts and hedges, and there are many retail investors who are short-term, and there is another wave of short-term profit-taking that needs to be exited! This is why I told you that the short-term Ethereum that bottomed out around 3100 saw the 3400--3600 range, and this is the time for us to exit short-term! ! The layout of the Ethereum track must be the priority layout of Ethereum, and then the layout of its own coins!
Ethereum's ecosystem:
L2 matic arbIMX OP ZK
LSD ldo ssv rpl
DEFl uni aave mkr
Re-stake REZ ETHFI bb
If the institution passes the ETF, it will bring a lot of funds to Ethereum, but at the same time there will be a lot of profit-taking fleeing, and CME has been arbitrage! I have seen through this wave of BTC and ETH trends at the beginning of the month! ! The market will pull back after the favorable news comes out, and then pull back. If the short-term trend comes out, don’t worry about it. For the long-term trend, just follow the 4800 I said!
