If history is similar, then Ethereum will have to wait until the late bull market to explode
Fidelity, VanEck and other five Ethereum spot ETFs will be listed and open for trading on July 23.
A few days later, Ethereum spot ETFs were launched one after another.
But Ethereum did not respond at all, and it continued to follow the market weakly, which was far from what it was like when the Bitcoin spot ETF was launched.
Those who expected Ethereum ETF to surge after its listing were a little disappointed.
In every bull market, Bitcoin sucked the blood of the market, and it was not until the middle and late stages of the bull market that Ethereum led the altcoins to dance wildly.
History will not be the same, but it will rhyme.
If this round of bull market is the same, then Ethereum will have to wait for Bitcoin to officially break through and stay away from the previous historical high of $69,000 before it has the opportunity to explode independently.
Hold for the long term, and don't expect too much from short-term benefits.
