I happened to see this event and wanted to participate.

Let me start with my opinion: I think the exchange rate has a high probability of staying within this range or declining slightly.

The trend of this round of bull market is still that the main market performance is significantly better than that of alternative coins. Although ETH has the blessing of re-pledge narrative, the increase is still not strong enough.

I think part of the reason can also be attributed to the limited amount of funds flowing into the overall cryptocurrency market. In addition to BTC, which will be preferred by conservative or traditional investors when entering, tokens such as ETH will also be affected by the emergence of other Layer1 and Layer2. Dividing the share of capital inflows, it is difficult to see a significant rise in the absence of good news that clearly promotes the rise.

Taking the recent period as an example, if the ETH ETF can bring in a large amount of funds to increase its holdings of ETH in the next period of time, and the incremental funds are more than the buying orders of BTC and ETH, then there may be a chance to see the possibility of an increase in the exchange rate. sex.