At this time, we should pay attention to whether the ETH-based altcoins will explode or not. The Alt/ETH and ETH/BTC exchange rate pairs are important targets.

The hype effect of ETH's ETF should gradually cool down and return to a normal exchange rate range with BTC. Because there are really no other hot spots at the moment, the ETF effect of ETH should be weaker than that of BTC. To judge whether there is still a market, we first need to see whether there are high-quality projects that can be launched on the altcoins on ETH, and secondly, we need to see when the interest rate cut will be implemented.

Another thing to pay attention to is the macro indicators and the election in the United States. At present, the market is back to the market dominated by news, which is very different from the market dominated by funds. Leveraged positions should not be held for a long time, and spot positions should be held all the time.

Finally, let's talk about the outlook for other token ETFs. I personally think that the sales performance of ETH's ETF will be a watershed, and large institutions will be more cautious in applying for ETFs of other tokens in the future, because other token ETFs have no cost-effectiveness in maintenance and operation and submission of application materials compared to BTC ETFs. Let's see what will happen then.