The total amount of ETH pledged on the Dafang beacon chain exceeds 32.6 million ETH, and the pledge share of the liquidity pledge protocol Lido reaches 28.64%; ETH fell below the $3,100 mark, and the Gas fee soared by 127.16%, and the activity increased.
Coinbase expects a 30%-40% chance of approving the spot ETH ETF by the end of the month
Community sentiment: On the cryptocurrency Twitter, pessimism about ETH is dominant, but Coinbase believes that ETH will give surprises in the late cycle
Effective information: Changes in the total amount of ETH pledged and Gas fees show the behavior of market participants and network activity, and the possibility of ETF approval is also an important factor.
Expectations: In the short term, ETH faces some pressure, but in the long run, the fundamental data remains positive. Investors can consider holding ETH for a long time and pay attention to the progress of ETF approval
The above is my analysis and does not constitute an investment advice.
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