ETH breaks through 2500, is the bull market here? Or is the 'bull head' coming first?🐂
Hello everyone, today's performance of ETH is exciting, with the price breaking the $2500 mark, currently reported at $2514.04, up about 4.2% in the last 24 hours.
This surge may be driven by several factors, including a shift in market sentiment and technical breakthroughs. However, it is worth noting that despite the price increase, trading volume has not significantly risen, which may indicate that the market is still observing.
In addition, recent analysts have predicted that ETH could reach a high of $12000 by 2025, mainly based on the upgrades of the Ethereum network and the expansion of the DeFi ecosystem.
Operational advice:
• Short-term traders: At the current price level, it is recommended to closely monitor market trends, set stop-loss levels, and avoid the risks of chasing highs.
• Long-term investors: If you are optimistic about Ethereum's long-term development, the current price may be an opportunity to consider adding to your position, but you still need to be aware of the risks brought by market volatility.
Conclusion:
The rise of ETH is encouraging, but there are still uncertainties in the market. It is recommended that investors formulate reasonable investment strategies based on their own risk tolerance.