#美联储何时降息? #币安上线ZK #meme板块关注热点
After all, it took BTC only two months to break its previous all-time high of 69,000, so what about ETH?
Note: At that time, the spot ETF had a net inflow of nearly 9 billion US dollars in just 50 days after it was approved. (What a concept? Gold did not take a whole year to get that much, and BTC took only 50 days. Of course, the inflation of fiat currency at that time was not comparable to that of today.) Don’t forget, it was exactly from January 11 to early March. The macroeconomic situation during this period was that interest rate hikes were suspended, and it was still early for interest rate cuts. Market liquidity and sentiment were very good.
Now, everyone has seen the situation of BTC ETF. It is not optimistic. To put it bluntly, Wall Street funds are worried about the interest rate cut. What is the bad economy and so on.
For ETH, let’s not talk about Sell the news first.
In the first week of July, from July 1 to 5, there are non-farm payrolls and unemployment rate data. The whole month of July is very critical, which directly affects whether there will be a rate cut in September. In July, there are also CPI data, GDP annual rate, and the interest rate meeting at the end of the month. Any of them will affect sentiment. July and August are difficult, and liquidity is sluggish.
Can the emotional stimulus of ETH's ETF develop independently and break 4,800 within 2-3 months after its approval?
Of course, I don’t mean to be bearish, I just want to explain the current situation. This is definitely an epic positive for ETH, so how much money it can bring is the most essential thing. So back to the starting point, no matter what the macro situation will be now. Anyway, it has been reflected in BTC. The liquidity of BTC ETF is not good. As everyone has seen, the money goes to Nvidia. It has surpassed Microsoft to become the most valuable company in the world.
So let's see how much money this sentiment can bring to Wall Street. Of course, even if it doesn't break the previous high in 2-3 months after it's passed, don't be discouraged. Don't think#ETHcan't be strong and call it garbage. This is a long-term benefit. It's just that the current macro sentiment and liquidity are not very friendly.
$ETH $ETHFI $ETC