After the first phase of the ETF was passed, the benefits were realized, but this benefit was a discounted benefit (it will take at least a few weeks to pass completely), a bit like a man's limp after indulgence, everyone should understand this feeling.

ETH, unlike the big cake, is actually in an awkward position.

In the eyes of regulators and large traditional capital, it is not centralized enough and is not the only one (there are alternatives such as SOL).

In the eyes of retail investors, although its price is not high, if there are no applications that retail investors can use, many people would rather buy some second-tier public chains than buy it.

In the eyes of many second-tier project parties, its positioning is high, there are too many competitors, and the handling fee is high, which is not as friendly as SOL and BSC.

Most importantly, compared with the extreme deflation of the big cake, although Ethereum is destroyed every year, it is still inflationary, which is related to its application attributes.

If there is no marginal income, few new investors are willing to buy it now, but those institutions that apply for ETFs have clearly stated that they will not pledge (staking violates supervision). ETH without pledge income is like cutting off its own arms.

Jiaoliuqun+V: WG65825 In summary, how far can Ethereum go in the end, and where will the exchange rate change? It also depends on how big a wave its competitor SOL can make in the future.

In the short and medium term, Ethereum will still hype the expectations of ETFs, but what stories can be told with the expectations that have been made clear?

The story must be told. The story of Ethereum ETF spot cannot have only one story line. The dog dealer may use the future to repeatedly toss and turn over the previous period.

Personally, I predict that no matter how the story is told, ETH will hold a bottom, that is, 3300-3400, that is, if there is bad news (such as the SEC chairman suddenly hawkishly saying that Ethereum is suspected of securities) to this position, you can start to lay out. #现货以太坊ETF获美SEC批准 #美众议院通过FIT21法案