#ETH

Since July:

Cumulative net inflow of Ethereum spot ETF: $8.2 billion

Cumulative net inflow of Bitcoin spot ETF: $4.8 billion

The ETHBTC exchange rate has stabilized at the first resistance level, as shown in the rectangular box; continuing to attack the first small resistance level.

Figure 1: Small resistance line formed between August and September 2024;

If the small resistance line is broken, a price of around $5100~$5250 can be expected.

Figure 1: Large resistance line formed between April and August 2024;

If the large resistance line is broken, it will likely surge towards around $6000, but will face significant pressure from the massive selling pressure since 2023.

So, whether the ETF can continue to maintain a state of inflow, rather than just relying on the existing funds within the circle, and whether it is possible to break through the huge bottleneck established since October 2023, is truly a crucial threshold!!

Beyond the threshold lies a new dawn;

Let's look forward to it together. There are still several months left in the second half of this year.