When asked about my views on the Ethereum upgrade in Prague in March, I insist on one core point: the market should take advantage of favorable conditions.
Good news acts like a catalyst, either breaking the deadlock in a balanced market or fueling a bullish trend.
However, right now, the market in Q1 is bearish, with Ripple making a strong comeback and Bitcoin fluctuating, putting immense pressure on the rise of all cryptocurrencies.
Therefore, the price increase potential for Ethereum in Q1 is limited.
Nonetheless, the Prague upgrade is a significant positive for Q2.
After the significant decline in Q1, the market may enter a sideways trend, with bulls and bears roughly equal in strength.
At this time, good news could be the 'straw' that tips the balance.
Moreover, Ethereum's current price is low, close to historical lows.
In the long run, news is merely an excuse for price increases; prices will always return to reasonable levels. Investors looking to buy Ethereum need not rush.
In Q1, prices will fluctuate repeatedly, and investors can take advantage of pullbacks to buy in batches, reducing costs and seizing investment opportunities.
Market trends always change, from the inscription concept to the MEME craze, and back to the return of old mainstream trends.
Remember, when the public is enthusiastic, it often means prices are high;
True good opportunities often arise during market panic and investor pessimism.
So, do not chase high prices to buy cryptocurrencies; stay rational and avoid virtual currencies that are overpriced.
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