The cumulative trading volume of 9 Ethereum spot ETFs on the first day of listing on US exchanges exceeded US$1.019 billion. Among them, Grayscale Ethereum Trust (ETHE) led with a trading volume of US$456 million, accounting for nearly half of the total trading volume. The trading volume of BlackRock Ethereum Spot ETF (ETHA) was US$240 million, accounting for 24%, and the trading volume of Fidelity Ethereum Fund (FETH) was US$136 million, accounting for 13%.

In the short term, some people will choose to sell the ETH bought by the trust before, just like BTC at the beginning. There will be a lot of selling pressure in the early stage. After the first wave of selling pressure ends, funds will begin to flow in positively. ETH will experience explosive growth. After all, there are many supporters of ETH, and the number of ETH users on the chain has reached 15 million, which is also the largest ecosystem in the currency circle.

The target price is directly aimed at 4000-4500