🚀These are my reasons to Hold Ethereum $ETH 🚀
Basically, this little analysis is based on what happened on the first day since the ETFs launched, so pay close attention to this data:
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✳️ On day 1 the ETF volume
ETH $1,083 M -> BTC $4,661 M
ETH moved 23% against BTC.
✳️MarketCap
ETH $414 B -> BTC $1,300 B
ETH has 31% of BTC's MK.
✳️ Market Dominance
ETH 16.3-> BTC 51.8%
ETH dominance is 3 times lower than BTC.
✳️ Blocked Assets
ETH -> 40% mostly in validators due to being Proof of stake.
BTC -> Does not block because it is Proof of Work.
▶️ The ETH vs BTC volume % difference has been very encouraging considering the dominance of ETH and MK over BTC
▶️ETH has almost half of the ETH Locked, leaving very few ETH available in the market, resulting in an illiquid market.
Because of all this behavior of #ETH since day one, I have to think that #Ethereum✅ is going very strong and I prefer to accumulate everything I can without spending a single fraction of my ETH, although I really don't have large amounts, but, without a defined trend of the BTC, spending would not be the best strategy.