Ethereum’s first day of trading exceeded many expectations
Ethereum ETF’s first-day trading volume exceeded US$1 billion, which was 23% of that of Bitcoin ETF
Grayscale’s transaction volume accounts for about half
There was an outflow of US$400 million, most of which was bought by BlackRock
Although Ethereum fell yesterday, there was no crash.
Someone asked why the price of Ethereum did not rise but fell when the ETF started trading.
The market has actually long expected the outflow of Grayscale.
Ether is currently trading sideways near 3400
At the beginning, the market was trading sideways for nearly a month before it started to rise.
In the long run, Ether will definitely rise, but how long will it take to adjust sideways before it starts to rise?
It depends on the specific situation of the market.
