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Core support factors for independent Ethereum market
- Institutional layout is active: 7 listed companies are following MicroStrategy by directly purchasing ETH, keeping funds in the market and driving up prices.
- Staking ETF Expectations: Institutions like BlackRock have submitted applications for ETH staking ETFs, and the market expects the SEC to grant unified approval in October. Institutions have started making large purchases to seize the opportunity.
- Interactive market effect: As the leading altcoin, the price increase of ETH stimulates active capital in the market, creating a positive feedback loop.
Future Outlook
In late September, if ETH breaks through the key level of 4100 before the interest rate cut, the ceiling of this market cycle is expected to continue to rise, and the independent market momentum will further strengthen.
- Active Institutional Layout: 7 listed companies are following MicroStrategy by directly purchasing ETH, keeping funds in the market and driving prices up.
- Staking ETF Expectations: Institutions like BlackRock have submitted applications for ETH staking ETFs, with the market anticipating a unified SEC approval in October, prompting institutions to start large purchases to seize the opportunity.
- Market Interaction Effect: As the leader of altcoins, ETH's price rise activates hot money in the market, creating a positive cycle.
Future Outlook
If ETH breaks through the key level of 4100 before the interest rate cut in late September, the ceiling for this round of the market is expected to continue to rise, and the momentum for the independent market will further strengthen.