There are quite a few people who care. Here I would like to express my subjective opinion: there will be a bull market for ETH and it will not be surpassed by SOL.
The market is always right, and market makers are always to be feared. The strong wishes of retail investors are just their own thoughts and cannot affect market trends. Retail investors do not have the ability to go long; buying and holding or selling is not enough. Pumping the market is a job for large funds and market makers. What retail investors can do is buy low and sell high while following the trends.
Most public chain technologies are copies of ETH, and most altcoins are also developed based on ETH.
Network gold is Bitcoin, network oil is ETH, and SOL belongs to centralized company coins and lagging coins. Of course, it also has its advantages, has strong market makers, and has provided a lot of hype for on-chain meme coins, but it cannot surpass ETH at the moment.
Candlesticks are all illusions; each one is drawn by market makers for retail investors to see. The ETH market makers are very brutal. Since the first week of 2024, there have been three violent washouts and pin protection lines. The purpose is simple: to wash out, to buy low, and to make full preparations for future rises because the vehicle is too heavy. Only when everyone is desperate will there be a bloom on the other shore.
In the first week of 2024, the protection line price is 2166, which has been used multiple times by the market makers.
Looking back at the low point of 2111 on August 5, 2024, corresponding to the high point of 4107 on the star map.
The current high point of ETH is constrained by 2111, where the upward pressure from the market has stopped at the eighth line. The ninth is optional and has not been reached, but the length of the lower shadow line determines the future height. After all, the further you pull a bow, the further it shoots. The current market maker has absorbed more chips and created a longer lower shadow line, so the future height is worth looking forward to.
I am preparing to ambush a project that will surge in the short term. Doubling is not a problem. Friends who are interested in spot trading but have no direction can like and leave a message for free sharing.
