ETH Trend Analysis
The analysis of ETH (Ethereum) trends needs to be integrated with technical analysis, fundamentals, market sentiment, and macro environment from multiple dimensions. The following is the current (please note that the market changes in real-time; please refer to the latest data) core analysis framework and outlook:
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I. Core fundamental driving factors
1. Progress of the Ethereum ETF
· The US spot ETH ETF has been approved (May 2024), but trading has not yet started (S-1 filing needs to be effective). Once trading begins, it is expected to attract traditional capital inflows, similar to the initial effects of the Bitcoin ETF.
· Key variables: the scale of capital inflows from issuers (such as BlackRock and Fidelity), whether staking functionality is allowed (currently, the application documents do not include staking).