According to WuSaid, K33 analysts said that the upcoming ETF is a solid catalyst for ETH's relative strength. ETH is expected to fall after the launch of the ETF, but just like what happened to BTC later, the funds flowing into the fund may boost the price of ETH. Net inflows are expected to be equivalent to 0.75%-1% of ETH's circulating supply within 5 months after the launch. In addition, K33 analysts also noticed that many traders are using a lot of leverage to bet on ETH's potential price movement before the ETF launch.