$ETH This trend is somewhat unstoppable; not only is the price leading the market, but the exchange rate relative to Bitcoin is also continuously rising. The reason for this drastic movement, in my view, is that there has been a prior completion of turnover, or in other words, the main forces have acquired the chips. The most direct reason is that Wall Street has begun to stir up a micro-strategy trend for Ethereum, with many companies following suit, but the chosen target is not Bitcoin, but Ethereum, which has injected a direct stimulant into Ethereum's rise.
I have previously said that if, apart from Bitcoin, institutions were to choose another target, it would undoubtedly be Ethereum, as Ethereum remains the second most decentralized existence after Bitcoin. Currently, the only spot ETFs are Bitcoin and Ethereum, and their status is self-evident. In a certain sense, Ethereum benefits from the overflow of Bitcoin funds. Imagine you are a company's CEO and you want to allocate a certain proportion of digital assets as strategic reserves. Bitcoin might be a good choice, but due to its high price, investing in it would merely be dressing up for the micro-strategy. So why not choose the second-best?
Of course, I'm not saying that choosing Ethereum is the best option, but everyone has their own aspirations. Currently, the number of companies strategically allocating Bitcoin is still increasing. So how should we view Ethereum's upcoming trend? Let’s refer to Bitcoin’s price movement after MicroStrategy's constant buying; I can only say that Ethereum is still in an upward trend. As for how high it will rise, it's hard to say for now, especially since after the washout is completed, the combined force created by the main forces and various buyers has a significant impact on the price.
A noteworthy piece of news is that the ancient whale holding 80,000 Bitcoins seems to be selling off the remaining 40,000 Bitcoins. If they manage to sell them all, a single order close to 10 billion USD would only cause a slight stagnation in Bitcoin's price in the OTC market, highlighting the craziness of the market. Once this order is digested, the subsequent market rebound cannot be underestimated.
There won't be any fans exploding the cabin, nor will there be any blind opening of a pill.
It's all about seeking victory steadily, making solid progress. Those who want to reap the rewards should hurry up and get on board!
SUI TURMP BONK PEPE OM SOL PNUT NEIRO
