My view on $ETH has not changed.

CN
Phyrex
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2 hours ago

My view on $ETH has not changed. Although ETH's rebound is decent, the purchasing power in the spot ETF data shows a gap of more than double compared to $BTC, and there has not been a significant influx of traditional investors buying ETH. Even the secondary market for ETFs does not show a trend of increased volume. Overall, traditional investors seem to have a higher interest in BTC.

Currently, ETH still feels like it's following BTC, with very limited momentum. Although I am optimistic about ETH's future, at this stage, I still feel that ETH lacks explosive potential, with no significant buying volume and relatively poor price stability. Therefore, I am only opening contracts for BTC and not touching ETH.

This article is sponsored by #Bitget | @Bitget_zh

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