Can Ether still become a king? When will the altcoin season come?
A few months ago, the most asked questions were about ETH and ADA,
To summarize what I talked about before:
1. ADA is quite average, SOL is better.
→ Currently, ADA is still flat, while SOL has nearly doubled in value.
2. It's recommended to reduce holdings in Sol at 176 and Sui at 4u, and to exit meme coins entirely.
→ Sol has retraced to 153, and Sui has returned to 3.2.
3. It's advised to continue holding ETH, but overall I am not optimistic about ETH breaking 10,000.
→ ETH continues to rise, currently around 2650.
4. I am optimistic that ETH will rise to around 3,000 to 4,000.
→ Waiting for realization; if it reaches this price, I will definitely sell, and my viewpoint remains unchanged.
Recently, BlackRock reduced its Bitcoin holdings and increased its ETH holdings, which justifies my bearish outlook on BTC but bullish outlook on ETH.
The fluctuations in the Ether series are significant; if you're worried, hold onto your Ether, and if not, I am currently still holding ETHFI and PEPE.
The SOL series will definitely be drained due to the token issuance from the pump launch platform, which aligns with my view of reducing SOL holdings last month.
In summary:
I continue to be bullish on the ETH series, but if the doomsday machine drives the entire cryptocurrency market, even boosting BTC, then I will start to reduce my long-term positions after it rises to 120,000.
The market driven by the doomsday machine will cause a significant correction in the cryptocurrency market.
I still hold a pessimistic view on ETH breaking 10,000, and the big altcoin season is not now.