The power of cycles is often decisive, and (ETH) is the most vivid example. In the first half of the bull market, no matter how deeply analyzed from the technical architecture, ecological layout, or application prospects, its price remained calm — the reason is simple, the cycle just hadn't arrived yet. Now that the market has switched, ETH has directly opened an upward channel, and various bullish logics seem to have found their supporting points; ultimately, it is still the market cycle that leads behind.

Many new investors may have never witnessed a single-day surge of 20% in ETH, but during this round of market, they might witness it firsthand. The continuous accumulation by institutions and strategic funds is undoubtedly an important driving force behind the rising prices, but no matter how strong the buying pressure, it does not mean that prices will only move upward unilaterally. Looking back at history, even if major buyers like Grayscale and MicroStrategy continue to hold without selling, they couldn't prevent Bitcoin (BTC) from plummeting from $70,000 to $15,000 in a severe correction.

No asset can escape the bubble phase; when the bubble bursts, it often creates panic-induced low prices, and the market oscillates in this cycle time and again. So, where do you think the peak of this ETH bubble will occur? #ETH #加密货币