From the perspective of the time cycle, this bull market is approaching its end. The time cycle and the bubble theory cycle are very significant factors for reference. The market is currently in the final phase. Whether Ethereum can lead everyone to launch the final charge depends on the critical period of August-September before the interest rate cut. Once it starts, it will definitely be extremely explosive. However, if it cannot start, it represents an end. After all, one vigorous effort leads to decline, and three declines lead to exhaustion, which is an objective law of history that cannot be changed.
In this round of the market, Ethereum has performed very poorly, but with more than 50 U.S. stock companies announcing reserves of Ethereum, I personally believe there will be a small climax. This small climax will occur around the interest rate cut in September.
