Ethereum is in the pain period of Grayscale's historical market crash after the ETF was listed. This pain period will be consumed in about two weeks at the current Grayscale market crash speed, and most of this negative news has been priced in. I am still firmly optimistic about Ethereum. There is a fundamental difference between coins in the cryptocurrency circle with and without ETFs.

The future bull market in the cryptocurrency circle may only target coins that have been listed on ETFs.