#Will ETH follow Bitcoin price trajectory upon its ETF trading available?

Bitcoin Spot ETF made a strong net inflow again yesterday, 1521 units, approximately 1.05 billion dollars. The captain also mentioned yesterday that it is important to focus on the first ETF trading day of the week for major market movements, which is a significant reference point.
Although there was a major mistake in US stocks yesterday, it means that the funds entering the cryptocurrency market are still not blocked and the long-term investors' short and medium-term optimism is largely revealed.

With a positive outlook, if last night's rise of BTC to the 70,000 level is a new attempt at a high point, as US stocks are passively falling, and in such a positive macroeconomic situation, the likelihood of BTC rising again is quite high, maybe we can see it approaching a new level of 70,000 again in the near future.
The short-term correlation between BTC and Ethereum is weakening, and speculation weakened with the halt of Ethereum's S-1 approval news, causing the entire Ethereum ecosystem to weaken.
Therefore, this week, mostly as a trial market with an objective perspective, the turning point of the market is still around the middle of the month, then in September, it will be more certain about whether there will be an interest rate cut, the listing order of the Ether ETF institution, and similar issues, which will be relatively more positive for the future trend.
After a financing wave in the Bitcoin ecosystem last week, the rise in the label was quite noticeable, it rose by about 45% from the bottom point, and the second layer of Bitcoin has also recently formed a strong base, and a bullish trend may come again.
#币圈观察员 #ETH会延续BTC ETF通过后的大涨趋势吗？