The new round of Ethereum's surge at #ETH 📈 has just begun. Where can this round go? Let's talk about the logic behind it.
This bull run is clearly driven by institutions. There is an American company called MicroStrategy that, for the past few years, has done nothing but one thing: raise funds and then buy Bitcoin. As Bitcoin rises, more people will buy their company, and the Bitcoin they hold can also be used as collateral to earn returns. Thus, they enter a cycle.
…
Others see how easily they achieve profitability, leading another institution to learn this operation: raising funds to buy Ethereum. Therefore, this round of Ethereum has hardly seen any significant pullback, going straight from 2100 to over 4000, more than doubling, and it's still rising.
At least, they have not yet finished this game. So it seems that the main theme of this round has become the gathering of institutional funds and retail money to buy Bitcoin and Ethereum together. The easiest way for you to make money is to join them.
Therefore, how far this round of Ethereum can go depends entirely on when institutions stop buying and start selling.
According to the expectation that each round of Ethereum rises at least 10 times, the price in this round should be in the range of 8000 to 15000.
If we consider that the short-term daily line is nearing its peak, it may take another 5-8 days to reach the top, roughly around 5200-5300.
In the previous message, I mentioned that for this pullback in Ethereum, buying at 4060-4150 is basically a good entry point.
Follow me for updates, and in the next message, I will share insights on where to buy Ethereum during the next adjustment.
The simplest and easiest strategy this round is truly to follow the institutions and buy more Bitcoin and Ethereum during pullbacks.
If you can't beat them, join them. Don't think of yourself as too smart.