Many people are wondering why ETH is still performing mediocre when the Ethereum ETF is about to be approved? I have long emphasized that many people are betting on this wave of positive news, but institutions have carried out contracts and hedging operations, while retail investors are mostly short-term and medium-term investors, and short-term profit-taking needs to be exited. That's why I suggest that everyone buy the bottom of Ethereum around $3,100 and set a short-term target in the $3,400-3,600 range. This is the best time for us to exit in the short term.

To lay out the Ethereum ecosystem, you must first consider Ethereum itself, and then pay attention to other currencies in its ecosystem. The Ethereum ecosystem includes: MATIC, ARB, IMX, OP, ZK in L2; LDO, SSV, RPL in LSD; UNI, AAVE, MKR in DEFI; and re-staking REZ, ETHFI, BB.

Although institutions will bring a lot of funds to Ethereum through the Ethereum ETF, there will also be many profit-taking plates fleeing, and CME has been arbitrage. I predicted this wave of BTC and ETH trends as early as the beginning of the month. After the good news comes out, there is usually a short correction, and then it will rise again. After the short-term exit, you can stop paying attention to it, and the long-term target can be set at $4,800. The market has stabilized at present, and it is a good time to layout. The target I have studied for a long time is about to start layout, and it is expected that each target will have an increase of more than 30%. If you like spot and have more than $1,000 in funds for layout, please leave a message in the comment area 66, I will take you for free.