#ETHBreaks3k Ethereum crosses $3000 mark, signaling the start of a bull market in the crypto market
According to a report by Odili, LD Capital founder Jack Yi announced on the X platform that the price of Ethereum (ETH) exceeding $3000 means that a bull market has begun in the cryptocurrency sector.
Jack Yi had previously taken a positive approach to Ethereum, when its price was $1450 and he issued several reports at the $1750 and $2500 levels, in which investors were prohibited from shorting Ethereum.
Jack Yi explained three main reasons for his position.
The first reason is that the trend of a major bull market has become clear in the crypto industry, where favorable crypto policies and expected interest rate cuts have increased the value of US stock companies.
The second reason is that Ethereum is still The market is undervalued in terms of value. In the previous bull market, ICOs and DeFi had boosted the market, but this time the driving force of the market is stablecoins and real-world assets (RWA).
Third and most importantly, Jack Yi stressed the importance of persistence and patience in investing, and said that market corrections should be taken as opportunities to increase holdings, as the upward trend will not always be smooth.
Jack Yi added that investors should hold on to Ethereum tightly and collectively embrace the new bull market to achieve its full potential growth.
According to him, this is the time to bring positive changes for Ethereum and the overall crypto market.
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