Market Analysis
Many people may have a question as to why the price has surged so much. Ethereum hasn't seen a large influx of funds, and the only positive factor is the upgrade. So why the surge? Let me explain in detail. It is actually a competition between bulls and bears in the market, and a game of existing funds, simply following the market trend.
I feel that the market makers will proceed as follows:
1. Stay horizontal here, making retail investors guess whether it will go up or down, primarily creating spikes and shaking out contracts.
2. Start to decline, leading retail investors to believe a bear market is coming, causing them to flee.
3. Continue to push the price up, and when retail investors see that a bull market has truly arrived, they will go all in, then around 150,000, with Ethereum at about 3,500, there will be a sharp decline to complete the harvesting.
