Ethereum hits a new high, is the next stop 10,000 dollars?

Jack Yi, founder of LD Capital, predicts the trend of Ethereum

Yesterday, Ethereum broke through its 11-year historical high, igniting market enthusiasm, stimulated by Powell's dovish speech. Jack Yi directly asserted that ETH's next step is to challenge the new high against BTC, with a target price above 10,000 dollars. Looking back at history, during the interest rate cut cycles, ETH has indeed outperformed BTC. Just like in 2019 when the Federal Reserve started cutting interest rates, ETH's performance far exceeded that of BTC. This time, Powell hinted at a rate cut in September, and market expectations instantly surged, making ETH's explosive growth unsurprising.

He also mentioned the rising trend of mainstream coins, such as ENA, AAVE, Pendle, UNI in the ETH ecosystem, as well as SOL, TON, LTC, and others, all of which may welcome opportunities. This is not just a casual remark; similar patterns were observed in the previous bull market, where the leading coins surged first, followed by other mainstream coins.

However, don’t get too carried away. Although Ethereum's prospects are promising, the cryptocurrency market is highly volatile. Playing with too much leverage and poor position management can lead to significant losses in a short pullback. #ETH创历史新高