Analysis: Ethereum spot ETF enthusiasm has been digested by the market, and investors may quickly take profits

Odaily News Valentin Fournier, an analyst at digital asset research firm BRN, said in an email: "We recommend maintaining exposure to the positive momentum in the cryptocurrency market, but prefer Bitcoin over Ethereum as we believe Ethereum hype and (ETF) inflows are already priced in by the market. We expect Ethereum to fall to levels between $2,800 and $3,100 before rebounding to $4,000 in September." Markus Thielen, founder of 10x Research, expressed a similar view in a newsletter on Tuesday, saying, "Once the (Ethereum spot) ETF is launched, investors will take profits." (CoinDesk)