The current highest position of $ETH is $3000, which is also a new high position after the drop of ETH this year. The daily pullback rise feels very familiar, resembling the pullback method of $BTC in January 2023.
At that time, $BTC was also迎来 its first ETF institutional support, which triggered a surge in volume.
The first chart shows the price trend and trading volume from June 2022 to March 2023.
🆚
The second chart shows the price trend and trading volume from November 2024 to now.
Very similar. Let's see what happened to BTC later; it is still at a new high now.
ETH may not perform as well as BTC under the background of ETF institutional support, but the number of small and medium-sized institutions is vast. If you want to implement a 'micro strategy' for Ethereum, then the cost-performance ratio of Ethereum right now is the best entry point.
If it doesn't reach a new high this year, then it will double and rise next year.