Wednesday's ETH spot ETF data wasn't great, likely facing the same situation as BTC. Both experienced bearish sentiment during the interest rate meeting due to dissatisfaction with the rates. However, the expectation of three rate cuts by 2025 is already looking pretty good. From a broader perspective, we know today's market performed well, so it's expected that Thursday's spot ETF overall data will show some improvement. Looking at ETH's fundamental situation, as we've mentioned multiple times before, the rapid price surge is driven by significant buying activity. If the buying increase is only triggered by specific events, the upward momentum might be hard to sustain for a long time, especially since a large portion of ETH's funds comes from the primary and secondary ETF markets. Sponsored by Bitget ｜ @Bitget_zh