Simply put, Ethereum has not reached its peak yet, but the pullback should not be small. This pullback can also be said to be mainly driven by a portion of steadfast holders who have been trapped for the past two years, with an average price of 2500–3100, as well as some ancient chips. The future is promising, and it’s hard to say how far it will go, but we are far from the time the party ends.

August 12, 2025
When Bitcoin continues to be constrained by the $120,000 pressure, Ethereum seems to not have shown any correction, but instead is oscillating in the high range of 4200-4350. Generally speaking, whether it is a recent large rise or a correction after Bitcoin's pull-up, from the perspective of the main players, Ethereum could have a correction. Given such a strong market, I believe it is still influenced by institutional buying. In other words, in the past few days when Ethereum broke through 4100, there must have been a significant amount of profit-taking, but due to strong buying pressure, it directly absorbed the selling pressure. This situation has played out more than once with BTC last year.