Liquidity: Water Level

Coin Price: High Boats

Rising water lifts all boats. Take Ethereum for example. Before March 24, it rose slightly above the water level, which was due to the emotional premium brought by the ETF effect of BTC.

After March, the water level dropped slightly, but not too much, while the price of Ethereum retreated more, which may be due to the retreat of the emotional premium.

Now the Ethereum boat is close to the water level, and there is still room for downward adjustment, but not much, and the bottom is around 2000 (where the red line and the blue line overlap).

Future:

1/ The blue line continues to decline, and Ethereum bottoms out at 2000

2/ The blue line starts to rise at the right time, at the latest after the election, and at the earliest in October-November. This mainly depends on how JP cooperates with Trump, and the probability is higher in November.