Twitter has been having lots of discussion on how Ethereum (ETH) will react to the release of ETFs after Bitcoin’s (BTC) successful release which propel BTC to it’s high of almost US$74,000 in March.
Some have mentioned that ETH might reach another all time high while some say that there will be a selloff and ETH will lose power from here as it is a much more difficult product to sell than Bitcoin etc.
What I think
I am not too pessimistic and with Ethereum being the largest portion of my crypto portfolio, I definitely would like it to be performing well. I do see the ETH ETF as a positive in flow for Ethereum but not too sure how retail tradfi investors will react to it as it is not as simple as Bitcoin.
Today is 20 July 2024, we can see an overall positive trend for cryptocurrency as they go...