📉 Ether (ETH) is feeling the heat, folks! Despite a regulatory win for Consensys and the promise of U.S. spot Ethereum exchange-traded funds (ETFs) in the pipeline, ETH is stuck below $3,600. Some say it's due to a lack of institutional demand, others blame it on the Ethereum ecosystem's regulatory uncertainties.

Meanwhile, Bitcoin (BTC) is also having a rough time, with investors getting the jitters over the U.S.'s fiscal health. High interest rates and economic indicators like rising wages and an increasing jobless rate are making investors think twice.

But don't lose hope, crypto fans! Despite these challenges, the long-term bullish trend for cryptocurrency should continue, as long as the macroeconomic environment remains stable. However, a sharp correction in the S&P 500 could spell trouble.

And let's not forget the competition. Ethereum may be leading in DApp volumes, but Solana, Aptos, Celo, and Fantom are hot on its heels.

So, will the launch of Ethereum instruments attract significant inflows? Only time will tell. Until then, keep your eyes on the charts and your fingers crossed! 🤞