Recently, the ETH ecosystem has generally risen, and short-term funds have flowed from BTC into Ethereum. Since November 21, the ETH/BTC exchange rate has risen from the historical low of 0.0318. It can be clearly seen from the coin price that the trends of Ethereum and BTC have formed a clear opposition, indicating that the mainstream funds in the market have a seesaw effect

ETH will lead the market for a while! News:
On November 26, Nick Tomaino, founder of 1confirmation, wrote in an article on X that “Ethereum is the world’s first “triple attribute asset”: · Capital asset: represents the ownership share of the developer ecosystem that drives crypto innovation (such as DeFi, NFT, prediction markets, decentralized social networking, etc.).

Store of value: The inflation rate is lower than that of BTC, and it is also the basic asset of decentralized finance.

Income assets: Annualized yield is about 3% Wintermute analysts said that funds are shifting from BTC to ETH, and derivatives market activity has surged. Ethereum's open interest surged over the weekend, while implied volatility also rose, and demand for call options also increased significantly, indicating that derivatives traders' confidence is growing.

Analysts say the rotation from Bitcoin to Ethereum is characterized by a sharp rise in Ethereum implied volatility, with the bearish-call bias reaching its highest level in 12 months, indicating that investors have a strong appetite for upside risk. According to Wintermute analysts, traders are actively pushing the market higher by buying on the upside.

“Money has flowed toward Ether over the past few trading sessions as open interest on exchanges pushed to all-time highs over the weekend,” Wintermute analysts noted in their weekly crypto market update.

Hong Kong also announced a big news that ZhongAn Bank app can support the buying and selling of Bitcoin and Ethereum in the bank app. This is undoubtedly a groundbreaking event. Who said that household registration is not important? Who said that identity is not important? This is undoubtedly something that people in the mainland currency circle can only dream of.

From the weekly data of ETH spot ETF, although the data on November 23 was not bad, it still could not get rid of the fact that the ETH data in the 18th week dropped sharply. In the last week, the total increase of ETH by US investors has undergone a fundamental change. From the net inflow of 169,498#BTCin the 12th week to the current net reduction of 32,640, the net purchasing power of US investors has only maintained 5.5% of last week. At least the sentiment of investors on ETH has retreated significantly.

From the detailed data, BlackRock ranked first with a net increase of 17,268 coins last week, but VanEck ranked second in net increase. Although the net increase was not much, it was at least an increase. Other institutions had either net outflows or zero changes in a week. The data was the worst since the election. However, the data on Friday, November 23, showed a sharp increase again, which forced people to be more careful. Maybe the FOMO sentiment of ETH will rise again.

Let me talk about my personal opinion. Just like what I said when the data was released on Friday, since top institutions such as BlackRock are optimistic about it, it may be that they need ETH. Where is it? I think it may be the Ethereum ETF that starts staking. If the staking of ETFs can be passed, it will undoubtedly be a huge benefit to ETH and ETF issuers.

Because once it is passed, the annual interest for Ethereum ETF issuers such as BlackRock and Fidelity will be astronomical. BlackRock now holds about 600,000 ETH, and uses customers' money to earn interest for itself. If staking is enabled, all ETF sales will definitely force Ethereum to customers.

In summary, ETH can be determined to be a low-odds target at this stage. The most important thing in investment is to control drawdown and risk. Currently, ETH has a high margin of safety.

In the short term, there is an expected positive impact of an upgrade in March, and there is a high probability that it will explode in January and February to catch up with BTC. In the long term, the stake mentioned above will be opened. In this case, there is no doubt that the price of ETH will reach 10,000 US dollars in this round.