Many friends said that just when they felt a bit of improvement yesterday, today it has gone back again. Now the problem with ETH is no longer just a liquidity issue; of course, liquidity is still not good enough. But in terms of comparative volume, I calculated that currently, compared to July, BTC's liquidity has increased by more than 4 times, and its price has risen by 70%. ETH has increased by nearly 4 times, but its price has only increased by 10%.
In fact, the gap in improvement is not that large; it's just that ETH had a poor foundation before, so even if it has increased fourfold, it still doesn't work. Additionally, the selling pressure on ETH should be quite large; the trading volume is not low, but the price fluctuation is very small, indicating that the bulls and bears are basically in agreement. On the contrary, looking at SOL, currently, compared to July, its trading volume has increased by 3 times, and its price has doubled.
At least currently, the sentiment of ETF investors has not experienced FOMO, but the vast majority of investors have no plans to sell ETH.
