From April, it fell into a joke, no one believed in Ethereum, the technology is lagging, there are no hot topics, not even a meme to ride on. The market is full of criticism, saying Ethereum is outdated.
What about now? First in popularity, first in trading volume, first in increase.
Indeed, a big bullish candle changes perspectives; if it doesn't work, then three of them.
The market does not lie, and capital does not lie.
Ethereum's current trend is exactly the same as when institutions rushed to Bitcoin last year:
In the main upward wave, only Ethereum has risen the most vigorously, while altcoins have been jogging slowly, but the profit effect is beginning to spread.
During this time, Ethereum has continuously increased volume, trading volume has surpassed Bitcoin, and institutions are quietly accumulating.
Compared to last year's Bitcoin trend, Ethereum is actually still at a low level now, there is no need to fear heights.
Where to look next?
• Short-term target at 3600
• Medium-term target at 4000
• Long-term target at 5000+
Once it breaks through 5000, that will be a vast ocean of stars, no joke.
If you want a clear judgment? I believe the probability of surpassing 5000 this round is over 80%.
What about altcoins?
Currently, altcoins are still at a low level, not strongly following, but as long as Ethereum remains stable, altcoins will eventually have a chance to catch up.
Especially in the second half of the year, the Federal Reserve is highly likely to start cutting interest rates, and the dollar index will decline, which means the market is getting another boost.
When the time comes, liquidity + Ethereum's strength + capital inflow, a wave of altcoin highs is not a dream.
Final reminder:
From the beginning of 2024, to mid-year, to now, we have already experienced three waves of increases.
This could be the last chance to peak in the bull market.
In the second half of the year, if it can rise, then rise, but more importantly—after the rise, get out!
Don't be the last one to catch the falling knife, gently harvested by the warmth of the bull market.
The wind has come, step onto the stage when needed; when the wind stops, decisively gather the net.
Making money in this wave will be your biggest confidence for the next two years.
