If we simply look at the ETF data, Ethereum is indeed on a positive trajectory. Over the past 6 days, Bitcoin has experienced outflows for 5 days, while Ethereum has had inflows for 4 days, reversing the trend of Bitcoin. Moreover, Grayscale, which is the biggest source of selling pressure on Ethereum, has not been experiencing outflows for a long time, but the price is still being heavily suppressed and remains sluggish. I hope the new institutional investors have accumulated enough positions, and now we can only hope that the Ethereum ETF staking will be successfully approved in Q1 next year, leading to a big wave afterwards.
