✨This August is the same as last August, the protagonist has become ETH. Can ETH double? What about altcoins? Is the bull back? (Part 2)

First, let's talk about Ethereum. This round, ETH is definitely mimicking last August's trend. In terms of timing, Bitcoin also saw a large influx of funds after Powell's speech. This pushed Bitcoin to reach higher highs, but last year's ETH and altcoins were lethargic.

What’s different this time is that BlackRock and other institutions have moved some funds from BTC to Ethereum. Ethereum doesn’t necessarily have to drain the blood of altcoins; it can also suck the blood of Bitcoin. With such strong funding, the trajectory for this round of ETH is very clear.

In the previous round, BTC had an early surge, while ETH and various altcoins were still oscillating after the non-farm payroll data, and only started to rise after the interest rate cut, with overall gains not matching Bitcoin's.

In this round, Ethereum has been stronger than Bitcoin since the Jackson Hole meeting, and funds have consistently favored ETH. Now we can see the logic behind past gains. If there is another pullback today after the Hall meeting before the non-farm payroll data, then regardless of what happens, ETH's subsequent gains will not be less than 70%.

This means that ETH has a high probability of reaching around 8200 by the end of the year, which is very likely.

What about altcoins? This is what many friends are asking: what is the hot topic? The hot topic is what funds are currently choosing and favoring. If you love altcoins, you need to wait; they are unlikely to increase as much as ETH. But what if the non-farm payroll data comes out? What if interest rates are announced? #杰克逊霍尔会议 #比特币巨鲸换仓以太坊