Cancun upgrade, from the middle of the year to the end of the year, the recent ETH/BTC rate is as low as the level when (Three Arrows Capital) was liquidated, and the current narrative is still a BTC ETF, so hot money is more inclined to go to the BTC, but ETH as the second dragon, it is bound to not be bad. Looking back at the last rush of the 21-year bull market, ETH doubled in just over a month. During the period BTC basically stood still. So ETH's rally may be late, but it will definitely not be absent, and don't forget that BlackRock has also applied for an ETF.

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