Many people are asking why the Ethereum ETF has been approved, but the price of ETH is still weak.

I have emphasized many times that many people bet on this wave of positive news, but there are also institutions that have hedged contracts, and there are many retail investors who are short-term operations, and they need to get out to make a profit. That's why I suggest that everyone buy the bottom when Ethereum is close to $3,100, and the short-term target is the $3,400 to $3,600 range. This is the time for our short-term operations! First, we must lay out Ethereum, and then consider other currencies under it.

Ethereum's ecosystem includes:

L2 (second-layer expansion): matic, arbIMX, OP, ZKLSD (decentralized financial ecosystem): ldo, ssv, rplDeFi (decentralized finance): uni, aave, mkr Re-staking: REZ, ETHFI, bb

If the institution passes the ETF, it will bring a lot of funds to Ethereum, but it will also cause a lot of profit-taking to flee. In addition, CME has been arbitrage. I have seen the trend of Bitcoin and Ethereum at the beginning of this month! There may be a pullback after the good news lands, and then rise again. After the short-term operation is completed, there is no need to worry too much. The long-term target is 4,800 US dollars as I said #