Analysis: Ethereum ETF enthusiasm has been digested, investors may quickly take profits

BlockBeats news, on July 23, Valentin Fournier, an analyst at digital asset research firm BRN, said, "We recommend maintaining exposure to the positive momentum of the cryptocurrency market, but prefer Bitcoin rather than Ethereum because we believe that Ethereum's hype and (ETF) inflows have been digested by the market.

We expect Ethereum to fall to between $2,800 and $3,100 before rebounding to $4,000 in September."