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The recent focus has been on the ETH ETF, will the Favourable Information become Unfavourable Information? It is the most followed topic!
First of all, let me share my personal opinion: I think it will be a long-term Favourable Information and can further pump the market. Ethereum has always been the catalyst for the altcoin bull market, which has been ongoing since the big bull market in 2017.
This wave of market, from 2023 to July 2024, although there have been several pump markets, most investors have not felt the wealth effect of a bull market.
It is important to note that even though the Ethereum ecosystem is performing averagely, and even if the Bitcoin ecosystem and Solana ecosystem are booming, the entire crypto world is not active, and there is no sense of a bull market.
So, this ETF of Ethereum may be the catalyst, truly igniting a bull market.