$BTC $BNB $SOL Analysis: ETH

There is no doubt that Ethereum's technology and developers are awesome, but why is it so difficult to recover this round?

This round of popularity is definitely re-staking. The essence of re-staking is to lock up ETH and reduce liquidity. It is not to use ETH as a benchmark unit to measure and price. Users' demand for ETH is greatly reduced.

The main function of Ethereum is the settlement layer. Now L2 is on the rise, and the functions of L2 and Ethereum are highly overlapped, resulting in a lot of demand being diverted to L2, weakening the burning amount of L2.

Macroeconomically, it is currently in a tightening cycle, with little market liquidity. Unlike ETH ETF and BTC ETF, ETH ETF has had a negative net inflow for more than a month, which is equivalent to the new and old whales of the entire ETH cashing out through ETF.

If ETH wants to rise, it has to start from the demand, let more new assets be priced through ETH, and expand user demand and liquidity.

Those who hold ETH don’t need to panic. ETH is the leader of altcoins anyway, so it will survive this period. After the interest rate cut, more money will flow in. If traditional financial institutions of Web2 want to come in, they can only buy BTC or ETH through ETFs. #以太坊基金会 #web3动态 #美联储何时降息？ #L2板块 #热门推荐