ETH is really coming!
Many friends are asking the same question: why is the buying volume of the ETH spot ETF decent, but the price is not rising.
In fact, there are quite a few reasons, and several important points are:
1. Although the ETF buying volume is acceptable, it is too small compared to the overall turnover of ETH. This small buying volume can easily be overwhelmed.
2. For a long time recently, some investors have had a negative attitude towards ETH, especially after SOL breaks through new highs again, some investors may want to switch assets, so when prices rise, there will be significant sell-offs.
3. ETH mainly follows BTC and is still the asset that correlates most closely with BTC prices. When BTC lacks a certain sentiment, ETH will indeed not perform well.
4. As mentioned before regarding the AP situation, if AP holds a large amount of low-priced chips, they can directly exchange them with investors without needing to buy themselves.
5. The market's liquidity is inherently poor, and now the three tracks are clearly defined. The BTC track has attracted most of the funds from high-net-worth investors, while the SOL track has absorbed a large portion of retail investors' funds, leaving only a few funds for ETH and altcoins.
So there are not many solutions to save ETH now; it will be through the gradual fluctuation of BTC. Although the exchange rate with BTC may gradually widen, compared to other altcoins, ETH's stability is still acceptable. It could either achieve this through ETH staking, allowing ETH to join BTC in the first track to attract funds from high-net-worth investors.
The third option is the favorable adjustments from the foundation, which are relatively difficult to achieve. The only simpler option should be ETH staking.
The prince has no charge groups and does not promote any exchanges, be cautious of scams!
Many friends are asking the same question: why is the buying volume of the ETH spot ETF decent, but the price is not rising.
In fact, there are quite a few reasons, and several important points are:
1. Although the ETF buying volume is acceptable, it is too small compared to the overall turnover of ETH. This small buying volume can easily be overwhelmed.
2. For a long time recently, some investors have had a negative attitude towards ETH, especially after SOL breaks through new highs again, some investors may want to switch assets, so when prices rise, there will be significant sell-offs.
3. ETH mainly follows BTC and is still the asset that correlates most closely with BTC prices. When BTC lacks a certain sentiment, ETH will indeed not perform well.
4. As mentioned before regarding the AP situation, if AP holds a large amount of low-priced chips, they can directly exchange them with investors without needing to buy themselves.
5. The market's liquidity is inherently poor, and now the three tracks are clearly defined. The BTC track has attracted most of the funds from high-net-worth investors, while the SOL track has absorbed a large portion of retail investors' funds, leaving only a few funds for ETH and altcoins.
So there are not many solutions to save ETH now; it will be through the gradual fluctuation of BTC. Although the exchange rate with BTC may gradually widen, compared to other altcoins, ETH's stability is still acceptable. It could either achieve this through ETH staking, allowing ETH to join BTC in the first track to attract funds from high-net-worth investors.
The third option is the favorable adjustments from the foundation, which are relatively difficult to achieve. The only simpler option should be ETH staking.
The prince has no charge groups and does not promote any exchanges, be cautious of scams!