The first phase belongs to the rise of BTC, bringing the cryptocurrency market from a bear market into a bull market.
The second phase will undoubtedly belong to ETH's strong return, driving the entire cryptocurrency industry to thrive.
This is a unique operating rule in the cryptocurrency market, and this wave is still continuing. The article has shared this viewpoint since December 20203.
The cryptocurrency market has its own storyline, and all market trends continue according to this. The trends can also be understood as a relay race, where each baton is passed to ensure the bull market progresses smoothly.
There are no eternal strong players; even if BTC is so strong, it cannot always hold the top position. It also needs rest and accumulation of strength to welcome new highs.
The first leg, BTC, has completed its mission, and the remaining focus is on the second leg, ETH, to continue its brilliance and break free from constraints.
In my opinion, I am personally very confident that, from the perspectives of technology, news, fundamentals, and capital, ETH is already prepared.
Everything is moving towards higher levels, and ETH is well-prepared enough to sustain its popularity throughout 2024.
The supplement rally for ETH has begun, and ETH's market will gradually reach new highs. The current upper range to stabilize is first at 4000, then at 4200, and the third step is to approach or reach a height of 4500. At this point, it is infinitely close to the historical high. As long as there is an opportunity for a pullback or a spike, one can enter the market to participate in trading.
