I was going through the market dominance on CMC and found that Ethereum is still holding onto its dominance of 18% after the ETF approval. Whereas on price term it is still following Bitcoin. I was expecting it to reach atleast $4k after the ETF approval news. Looks like we will need to wait until for spot ETF trading to start for some price traction.
This looks so low compared to the bitcoin. Yet ethereum spot trade has not yet started and im still seeing it as something normal. We may be expecting the big money to inflow after the spot ETH ETF trade will be starting. I remind you that bitcoin took short time to make it happen.
Bitcoin has reached new ATH while ethereum is not even going closer to the its ATH. The room to growth is still very big at this moment. Im hoping that ETH ETF will go massive caused by this is gonna be very helpful for ethereum,
The institutional investors will be helping ethereum to build FOMO like what happened to the bitcoin. Im still hoping a very good news to come asap.
Still try to accumulate as many ethereum as i can in order to make a preparation before FOMO will come to the ethereum.
IM feeling very bullish with ethereum at this moment after ETF approval. It has reported that china will also open for cryptocurrency.