Market expectations: Most people in the market generally expect the Ethereum ETF to be launched soon. Eric Balchunas, senior ETF analyst at Bloomberg, pointed out that all signs indicate that the Ethereum ETF may be launched on the 18th of this month.
Bullish trend: According to the Matrixport report, although Ethereum has pulled back in the past two months, Ethereum's position has increased from 2.7 million ETH to 3.1 million ETH since May 20, indicating that bullish funds are continuing to increase and are still firmly held to this day.
Expected capital inflow: Although the market generally believes that Ethereum cannot attract a large number of institutions like Bitcoin, as the most innovative cryptocurrency, there will also be institutions holding positions in batches. In the first stage, although it cannot reach more than 10 billion US dollars like Bitcoin spot ETF, there is a high probability of several billion US dollars.
Market heating up: In the next few months, there are three major time nodes. The first is the Bitcoin conference at the end of the month. Trump is confirmed to attend and speak, and he has accepted Ethereum donations from many people before. The second is that Zhao Changpeng is about to be released from prison, which is also very good news for the market, indicating that Binance has landed safely in the United States. The third is that in September, the market expects interest rates to start to be cut, and it is expected to be a direct cut of 50 basis points. This will inevitably increase the price of mainstream altcoins such as Ethereum, and it is expected to directly break through 5,000 and reach more than 6,000!
