Peak in January Thunderstorm in April May rebound June sideways trend Starting a new round of ETH narrative in Beijing in July What will happen in August? What worries me about eth is 1. After the emergence of pledged ETH, it will have an impact on the competitiveness of companies like SBET. ETFs don't have much premium, and you can still enjoy staking benefits. However, SBET's NAV may be capped for a long time. Is the institutional investment threshold lower for only one US stock left in the end? 2. It is expected that a series of ETFs such as Sol will be launched in October, which may divert purchasing power 3. ETH's Noble Consort narrative is more about the vision of Hongda, and from the perspective of the public chain business, it is not as good as Sol's The above are all based on common sense judgments. If errors occur in the future, they can be used to test cognitive deficiencies