Some Thoughts
After March 2024, the only main narrative in the crypto world is actually the Wall Street narrative:
First it was $BTC, now it's $ETH.
1. The Bitcoin Phase
BTC is the benchmark of the crypto world, NO.1, with the strongest consensus.
After the pullback from 73777 (March 2024), this round of the market is already unrelated to the crypto world itself, entering the logic dominated by Wall Street.
Previously, the rise from 15000 to 73777 was driven by the oversold bear market + ETF expectations + interest rate cut expectations and other raw drivers.
2. Ethereum Copies Bitcoin
ETH is following the old path of BTC; I should be one of the earliest proponents of this view on Twitter.
After washing out old whales, clearing a large number of believers, and facing criticism from all sides, ETH made a stunning turnaround and achieved a two-level reversal.
Compared to the past trading rhythm of BTC and ETH, ETH may move faster, but it won’t be a straight line — its starting point is in April 2025.
3. Rhythm Differences
At that time, BTC was in a tightening cycle, pulling up while accumulating;
ETH completed its accumulation during BTC's rise and is now well-prepared, while it's highly likely to enter a loosening cycle next.
4. Technical Rhythm and Strategy
On the mid-term, ETH is currently in the fifth segment of the second upward phase or the third upward phase.
If there is a pullback in this upward phase, there is still potential for an equivalent level of increase afterward.
If you are a spot trader, like me with a cost below 2000, it's not advisable to sell easily — the probability of ETH pulling back below the cost level is very low.
According to Wall Street's trading methods (large ships are hard to turn), ETH's future is not a fantasy. $ETH
