On the first day of trading on Ethereum ETF, the net inflow of trading volume was 106.6 million US dollars, which did not meet market expectations.
1. The market has lost its enthusiasm for the hype of Ethereum ETF. The hype enthusiasm has been completely digested by the market, and the market does not buy into Ethereum.
2. The era of Ethereum may need to be re-evaluated. Whether in terms of ecology or handling fees, it seems that everyone's expectations have been exhausted. The price of Bitcoin has broken through the new high from 69,000 in 22 years to 73,000 this year, but Ethereum is still standing still.
3. Bitcoin does not fall, and the copycat also falls. Bitcoin rises, and the copycat is sideways. At present, the market in the currency circle is almost dead, and few VC coins are pulling the market. The main reason is that the exchange has changed its method to harvest retail investors, and retail investors are helpless.
4. Ethereum's ecological coins, ENA, ETHFI, ENS... have almost no signs of rising. From the issuance to now, the market has gone from expectation to disappointment.
5. At present, don't take the chance to go short or long in this market. Only fully circulated tokens are held in spot.
