Ethereum May Be Headed For A Sell-Off After ETFs Launched: 10x Research
Portfolio Pulse from Murtuza Merchant
A 10x Research report suggests caution for Ethereum (ETH) investors, indicating that the recent ETF launch might lead to a sell-off rather than a rally. Historical patterns and several factors, including limited marketing efforts, low funding rates, and stagnant network growth, support this view. The report also highlights a potential shift in favor of Solana (SOL) over Ethereum.
July 23, 2024 | 6:39 pm
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NEGATIVE IMPACT
10x Research suggests that the recent Ethereum ETF launch might lead to a sell-off rather than a rally, citing historical patterns and several dampening factors such as limited marketing efforts, low funding rates, and stagnant network growth.
The report highlights historical patterns of price corrections following similar events, limited marketing efforts, low funding rates, and stagnant network growth as reasons for a potential sell-off.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
The report suggests that Solana (SOL) might outperform Ethereum (ETH) in the current cycle, citing higher active user numbers and a growing narrative favoring Solana.
The report notes higher active user numbers for Solana and a growing narrative that this cycle might favor Solana over Ethereum.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 50