Currently, the upward momentum of ETH does not seem obvious, and the bull market appears to have little relation to it. Although the expectation of the open staking for Ethereum ETFs in the U.S. may bring some anticipation, its mere 3% yield still has a strong appeal for large institutions. As U.S. Treasury yields gradually decline, ETH's staking strategy will become more attractive.

Regarding the inflow of funds back to ETH, another possible trend is that investors may switch investment tracks to seek potential opportunities for chasing gains. However, this is still a matter for the future. Especially in the later stages of a bull market, risks are increasing, and ETH's potential may gradually become evident. Many describe ETH now as a war machine charging at full speed, and the logic behind it is just that.

From a historical perspective, in past bull markets, although many new and old public chains frequently emerged, those chains lacking new ecosystems and narrative capabilities, even enjoying the high liquidity feast of the market, still performed unsatisfactorily. Therefore, the likelihood of a major upward wave appearing in the later stages of the bull market is relatively high; although it will not be absent, the waiting process may be full of challenges and torment.

Overall, the future of ETH still needs to be observed and awaited, but regardless of how the market changes, it is necessary to remain calm and rational, and to be fully prepared to cope with various possible situations. $BTC $ETH #比特币行情