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.
ETH-5.84%
View Original
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 9
  • Share
Comment
0/400
FarewellToSummervip
· 07-24 12:37
HODL💎
View OriginalReply0
FarewellToSummervip
· 07-24 12:37
Just go for it💪
View OriginalReply0
FarewellToSummervip
· 07-24 12:37
HODL💎
View OriginalReply0
FarewellToSummervip
· 07-24 12:37
Quick, enter a position! 🚗
View OriginalReply0
FarewellToSummervip
· 07-24 12:37
HODL💎
View OriginalReply0
FarewellToSummervip
· 07-24 12:37
Quick, enter a position! 🚗
View OriginalReply0
FarewellToSummervip
· 07-24 12:37
Just go for it💪
View OriginalReply0
SniperBmvip
· 07-21 18:19
hi my name is maad bne mustafa
Reply0
BitFlyvip
· 07-21 14:27
Core Support Factors for Independent Ethereum Market

- 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.
View OriginalReply0
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)