The Historical Insights of Ethereum: The Eve of a Bull Market

Everyone, this bull market has indeed been tough to endure, but the logic of the market has never changed — it is precisely when most people can't hold on that the real trend begins.

Bitcoin has risen from $50,000 to $100,000, a 50% increase already fully realized; how much more is left? But what about Ethereum? There is still a lot of room to grow, and at this point, calling it undervalued is generous.

More importantly, in two days, it will be the anniversary of Ethereum's '312 Incident' from five years ago. Do you remember the script from that year? That epic spike, where ETH soared from $100 to $4,800, a staggering 48-fold increase. If you look back at history, you will find that trends are born in the moments of utmost despair; those who dare to hold on become the winners in the end.

Market sentiment is the best contrarian indicator. The more people who are bearish now, the stronger the subsequent surge will be. What you perceive as the peak may just be the starting point in someone else's eyes. The on-chain data for ETH, the progress of L2 expansion, ETF expectations, spot supply, and other core variables are all intertwined; this wave of ETH will definitely not be absent.

Now, you have two choices: either continue to lay flat and be a retail investor, or get on board early and wait for the next 48-fold miracle to happen.