Has the bad news for ETH been exhausted❓

The recent hype of Ethereum ETF has attracted the attention of the market, but at the same time, ETH has faced many bad news, resulting in its weak performance, and the related L2 and pledge sectors have also been severely suppressed.

However, things will turn around when they reach their extremes, and the landing of bad news is often the beginning of good news.

At present, eth/btc is close to the golden section position, and there has been a bottom divergence at the daily level. Does this mean that the market is about to reverse?

The Apple Developer Conference on June 10 will be held as scheduled, and GPT-5 is expected to be released in June. This may be good news for the digital currency market, especially for related digital currencies such as RNDR and ARKM.

The ETC halving time is coming in June, which is also worthy of our attention. Will the landing of bad news for ETH on May 23 become a turning point? Let us wait and see.

What do you think about the future of ETH? Welcome to share your views in the comment area!