When will Ethereum rise? Will holding ETH miss this bull market?
Looking at the K-line of ETH/BTC, I can’t help but wonder, will I miss this bull market if I hold ETH?
To put it simply, Ethereum is in a mad bull state in 2017 and 2021. This is mainly due to the fact that Ethereum has participated in the past two rounds of bull markets. No matter which one of the ICO and DeFi of the year, a large amount of money was used. ETH, what about this round? The main line is not on ETH at all. The only innovation is Restaking, which allows everyone to continuously put their chips on the Ethereum chain to earn profits. However, in the process of the bull market, who cares about the rising profit-making effect this year? What about the rate of return?
Therefore, there is obvious selling pressure and large-scale dumping of goods on the market. If you do not make money in the bull market, you will lose money, because when the bear market comes, no one can escape the beating.
What about ETH? At least at the moment, we don’t see many reasons for ETH to rise. The bull market really doesn’t seem to have much to do with it. What we can look forward to in the future is the opening of the U.S. Ethereum ETF for staking. Although it only has a 3% return rate, for large investors It is also a huge temptation for institutions. As the U.S. Treasury bond yields decline in the future, the pledge of ETH will become more and more popular. Another situation where we can see the return of funds to ETH is to switch tracks and compete for its compensatory growth, but this is also a matter later. The later the bull market, the greater the risk, ETH may emerge, so many People say that ETH is now the chariot of doomsday, and this is the fundamental logic.
The conclusion is: there is a high probability that the main rise will be in the "mid-to-late period of the bull market". It will not happen, but it will be more painful to wait. As for how to operate, it is a matter of opinion~
#Marvin The latest Musk concept Dogecoin has increased nearly 10 times from the lowest point in the past few days and is currently taking a rest. Powerful community promotion coupled with Musk’s market, which is the focus of this bull market, makes it difficult not to fly. Who else do you want to miss in this bull market?
