Analysis of ETH @Everyone

Some brothers said that this wave of plunge has made them lose confidence in ETH

There are several aspects

(1) Capital that missed out on BTC will enter the ETH market through ETFs, pushing up the price of ETH

(2) BlackRock's ETH holdings have exceeded 130,000, gradually increasing, and the market selling pressure has decreased

(3) There has been no news about ETH since the Cancun upgrade. The dog dealer is preparing for the next wave of upgrades to cooperate with the inflow of ETF funds to pull up the market

So what will happen to ETH next?

The next step for ETH is called the Prague hard fork,

which may be implemented on the Ethereum test network in the fall or at the end of the year,

and implemented on the main network before the end of the year

When the news of the Prague upgrade is about to come out, ETH will cooperate with the inflow of ETF funds to pull up the market

Before the end of the year target, we looked at $5,000, but because of this sharp drop, it was lowered to rise to more than $3,500

Waiting for the market to stabilize, the target that has been researched for a long time will also start immediately.

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