The ETF of Ether did not bring about a significant pump or fluctuation in the market, which is very disappointing for many long people. However, as investors, we need to accept all of this happening and not be overly emotional. By carefully observing the market trend, this is actually a long-term favorable information for the crypto world, at least increasing the exposure of the crypto world. From the current situation, it seems that market makers are trying to attract more long chips. Although the US stock BTC ETF did not show net inflows, the US stock ETF of Ether saw a net outflow of $150 million yesterday, indicating selling pressure in the early trading of the listing.

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News is the tool that Whales and institutions use to suppress or pump. On July 13th, Trump was shot, and BTC broke through $68,000 in one fell swoop. Subsequently, there were continuous reports of BTC compensation data from Mt.Gox, causing BTC to fall to a low of $63,750 today. People are most concerned about when the creditors will start selling BTC. In addition, Harris will run for President of the United States, and many 'experts' believe that Trump has lost a strong opponent. Harris, the new opponent, may not necessarily have an advantage over Trump, especially since the current Vice President of the United States, Harris, will not attend the BTC 2024 conference. The encryption market in 2024 seems to be labeled with politics again and is being hijacked by the US elections. Therefore, Whales and institutions have successfully dumped again by using these sensitive news. Another major event is that on Friday local time, the US will release the June Consumer Expenditure Price Index (PCE). With the recent fluctuations in the US stock market, this will attract more attention from the outside world.
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There is a saying in the market that whenever there is a meeting, the market will fall, but can this phenomenon be broken? This time, Comrade Chuan Jianguo clearly brought Favourable Information to the crypto world, but the market instead experienced a short-term adjustment. Such a small adjustment may only scare Newbies, while Seasoned Traders would see it as a good opportunity to increase their positions. The current crypto world is an extremely sensitive stage, just like a spring, the market has been squeezing and de-foaming. The tighter it is stretched, the more clear the direction will be once it appears, it will definitely be a big market. Therefore, endure loneliness, firm direction, no matter how diverse the news is, we must have our own goals. Otherwise, changing our own established strategies at will may lead to failure. Now the overall environment is gradually maturing, and in the new pattern of the encryption market in 2024, we must first follow the changes in the news and make arrangements in advance to achieve financial freedom!