Currently, we do not see too many reasons for ETH to rise; the bull market seems to have little to do with it. What can be expected in the future is the opening of staking for Ethereum ETFs in the United States. Although the yield is only 3%, it is still quite an attraction for large institutions. As the yield on U.S. Treasury bonds declines in the future, staking ETH will become more appealing. Another situation where we can see funds flowing back into ETH is through switching tracks, betting on its rebound, but that is something for later. The later we get into the bull market, the greater the risk, and only then might ETH shine. This is why many people say that ETH is currently the 'doomsday war machine'; the fundamental logic lies here.

From another perspective, let's consider the last bull market as an example. A large number of new and old public chains emerged frequently. Not to mention the new ones, many of those old public chains no longer possess narrative capability, with on-chain data being pitifully bad and no new ecosystems. Their situation is even worse than the current ETH, yet they still enjoyed the feast of high market liquidity and experienced a significant increase.

Therefore, the main upward wave is likely to occur in the later stages of the bull market. It won’t be absent, but the waiting may be quite torturous. $ETH $ETH #比特币行情预测