I just saw a joke that said BTC and ETH are only $2,000 away from breaking new highs. I was so depressed while laughing. I can't say too much about ETH. If I say too much, I will cry. #你问我答
Many friends also asked me why I didn’t publish the data analysis of ETH. The main reason is that the on-chain data of ETH is much less meaningful than that of BTC. After all, the main transactions of BTC are on centralized exchanges, so if the data of centralized exchanges is determined, it can be confirmed to be almost certain. #BTC突破7W1
But ETH is not like that. In addition to DEX with a large number of transactions, there are also pledges, re-pledges, cross-chain, cross-chain, etc.... So the complexity of ETH data is much higher than BTC, and the current ETH is not very relevant to data analysis, but more on liquidity and sentiment. Even if the data is good, a tweet may trigger a market crash. So let's focus on BTC, and just look at the ETF data for ETH. [Personal opinion~] @币安Binance华语
In the past trading day, the data of ETH spot ETF was slightly better. BlackRock and Fidelity both had good purchasing power, but of course it was far behind BTC. Even if BTC broke through $71,000, ETH was still hovering at $2,600. Although the purchasing power of BlackRock and Fidelity was OK, Grayscale's ETHE continued to sell off significantly, which made the data of spot ETF very ugly. Let's look forward to the election. Maybe Trump's coming to power will bring a wave of bulls.$BTC $ETH $SOL
