Today is August 9, 2025, Saturday. Yesterday I was thinking of posting an article saying that due to Trump's strong push, reaching $4000 for Ethereum was just a matter of time, but I didn't expect it to hit $4000 yesterday. Today, with momentum, we didn't rest on Saturday and made a quick push to break the weekly resistance level, reaching $4200, setting a new high in nearly three years. At this position, many who were previously stuck or who bought at the bottom are likely to start taking profits, and many FOMO investors will also try to chase in by removing their profit-taking positions. We'll see if this position can hold steady. If it holds, there’s a high probability that after some fluctuations, it will aim for the next target, the 2021 peak of $4800.
However, Bitcoin has been performing relatively weakly, oscillating below $120,000. Many are worried whether there might be a sudden sell-off that could collapse the market. Without discussing too far into the future, at least in the recent one or two months, there is a high probability that significant pullbacks won't occur, because the expectation of interest rate cuts in September still stands, and ETF funds are still experiencing net inflows daily. There’s still no bearish reason present; during pullbacks, just be bold in adding to positions. Additionally, Ferrari has started accepting Ethereum as payment. The strong performance of Ethereum last night was partly related to this news. Currently, Ethereum has entered the mainstream, and some legitimate funds may flow into the altcoins within its ecosystem. The saying 'when one person achieves success, all related parties benefit' still applies. Therefore, if you're unsure about how to position yourself, just look for short-term opportunities in assets that haven't risen much. Feel free to share any recommendations you have in the comments section.
Next, we will see when this pension can truly start flowing into the cryptocurrency market. Until it is implemented, the market will still only be acting based on emotions. However, at least there is this expectation, and the $8 trillion fund volume is enough to lift the crypto market to new heights. There is also an expectation of interest rate cuts in September. Although $4000 for Ethereum has been a major resistance level in the past two years, where selling pressure has concentrated and each time it reaches this level it is pushed back down to start a deep correction. However, at least from an emotional standpoint, it's hard to find a reason for a major drop in the recent market. Moreover, as we mentioned in the previous article, if Ethereum successfully breaks through $4000, it will initiate a new round of upward momentum. Therefore, even if Ethereum pulls back below $4000 later, it would still be a good opportunity to add to positions.
Overall, there may be fluctuations in the short term, but there are no major reasons for a drop right now. Be bold in adding to positions during pullbacks. The next target for Ethereum is $4800, and Bitcoin might follow suit after accumulating strength. For those assets that haven't risen much, it's okay to set up positions, but don't be too greedy; just aim for short-term gains.