Can ETH chase the rise? How high can it go?
When ETH dropped to $1300, we were all afraid to buy.
It was said to drop below $1000, and the whole world was cursing Vitalik.
Many brothers asked if they could buy?
It is recommended not to chase the rise, and here are 3 reasons:
(1) It went from $1300 to $3600, the bottom chips made 3 times profit, and the profit-taking is too large.
As long as the whales buy a little, when the liquidity is not strong enough, it will fall sharply.
(2) In January, a huge trapped position was formed around $3600, which is difficult to break through.
(3) There is no significant improvement in ETH's fundamentals.
ETH's speed has not improved, and the governance structure has not improved either.
The market value of SOL is only 1/4 of ETH, and there are still favorable factors ahead.
It is advisable to hold some SOL rather than chase ETH now.
Better to enjoy together than alone. If you reach out, I can pull you ashore!!
SUI TURMP BONK PEPE OM SOL PNUT
