May 9, 2025
Finally, it’s Ethereum's turn in the market, surging 20% in a single day, leading the pack. Although the exchange rate has only temporarily recovered some lost ground, Ethereum has reversed its downward trend and it is very likely that the market has completed its transition. If that’s the case, this wave of increase could just be the beginning of a new market trend, with a rebound of more than 60% from the relative lowest point. For those who are still hoping to buy at lower prices, this opportunity cost has already been paid.
In this bottom-fishing wave, I have not only publicly hinted many times but also responded with almost a full position in actual actions. Over the past few months, I have indeed experienced a bit of torment, as the lowest point of bottom-fishing has been breached. However, every time I think of Ethereum's technical community and the vast DeFi infrastructure, I feel reassured. Investment is like this: when you recognize the value point, as long as the fundamentals do not change, you can hold steadfastly.
In fact, there has been no change in Ethereum’s fundamentals; this wave of increase is not directly related to the so-called upgrades. In my opinion, it is more of a counterattack after the main force has completed its position. Over the past year, Ethereum has fallen from 4000, and both Vitalik and the community have faced countless negative voices; this process certainly involves strong institutional intervention.
In the altcoin sector, under Ethereum's leadership, there has also been a nice rebound, especially in the AI sector. I checked a few I bottom-fished before, and they have already broken even and made a small profit. Of course, there are still sectors that haven’t started; the altcoin market basically maintains my previous judgment, focusing on rotation in the market. As for when the rotation will reach the sectors chosen by everyone, that is unknown.
Thank you for your attention and likes.
