Expectations of Ethereum Spot ETF Drive Market Sentiment

Investor sentiment has become more positive as the Ethereum spot ETF is about to launch. The report noted that significant changes are taking place in spot trading volume, futures and options markets. This optimism has helped Ethereum surpass Bitcoin in the market.

The report shows that Ethereum's trading activity and market sentiment are more positive than Bitcoin. Since the SEC approved the Ethereum spot ETF in May, the ETH/BTC ratio has remained above 0.05, indicating that Ethereum is expected to continue to outperform Bitcoin once the ETF begins trading.

Despite the market volatility in the past two months, Ethereum has shown resilience. ETH futures have shown a faster recovery than Bitcoin futures, reflecting investors' confidence in Ethereum's future prospects. Since May, ETH's liquidity has stabilized with a trading volume of about $250 million.

The performance of the ETH perpetual contract and options markets also shows that investors are confident in the long-term potential of Ethereum. As the ETF launch date approaches, the market's interest and confidence in Ethereum has further increased.

Intraday trading strategy:

Pullback buying: Buy near 3480, stop loss 3420

Breakthrough buying: If the price breaks through the upper Bollinger band 3506 and confirms that it is stable, you can consider buying at a higher price, and set the stop loss below the upper Bollinger band.

Target: 3580

Personal opinions are for reference only