The exchange rate of Ethereum against Bitcoin continues to fall. Does the market really care about the life or death of Ethereum? Is the Cancun upgrade coming soon, or is it just sitting there? Major institutions are all optimistic about the big pie, but ETH is fighting alone. Can it break out of a unilateral trend in this market? #etf #BTC
My personal thinking is: if the BTC spot ETF passes, there will be two market reactions (the first one passes, the market rises to around 5w or higher and then falls back; the second one passes, which is good for cashing out, and the decline creates panic, and retail investors cut off the meat and ship, giving Opportunities for institutions to enter the market. Then stretch after sideways trading! Judging from recent actions, failure can be ruled out) Pay attention to the currency ORDI, which is expected to break through the 100 STX target 2.5-3
Ethereum will begin to strengthen after the adoption of the Bitcoin ETF, and funds will overflow to speculate on a series of sectors such as Ethereum, OP ARB MATIC METIS IMX GMX and other currencies.