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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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2024-5-22
chart analysis:
BTC is currently at 70000 points, Ether at 3800 points.
These days, it's all thanks to ETH leading the charge.
But this strange surge of Ether is coming.
There is no actual favorable information. It is said that the probability of ETF approval has risen from 25% to 75%. This kind of news sounds brainless, and I don't know who released it.
First of all, let's not talk about the small probability of passing the Ether ETF.
Even if it's really approved, it's still competing with BTC for the cake.
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Let's analyze this logic:
The adoption of the Pancake ETF has indeed expanded the market, allowing more conservative investors to invest through the ETF format.
But assuming that Ether also passes, will investors who haven't bought BTC before decide to invest now that Ether has passed?
Perhaps there are, but the quantity must be very small.
Investors will not increase significantly because of this matter, and without a large influx of over-the-counter funds, there will naturally be no sharp rise as in the previous months.
So far, the probability of consolidation or decline is at least 75%.