How much could Ethereum's price rise? Is it still a good time to get in?
—— "It is definitely still a good time"
A few days ago, when Sun was dumping ETH, the market panicked again.
Because every time, Sun seems to sell at the peak.
But this time, large institutions from the U.S. stock market have fully entered the game, and the selling pressure on ETH was quickly absorbed.
Let’s summarize the recent positive factors:
1. Stablecoin Bill:
After this bill is passed, institutions will enter the crypto space in large numbers, and they certainly do not want to be the ones buying at the peak like MicroStrategy, so they will consider buying those that haven't risen as much.
2. U.S. stocks fully entering the market:
Among the major cryptocurrencies, which ones will they prioritize?
It must be "ETH" (Ethereum).
SOL has had issues with outages in the past, the Sui chain is not mature enough, BNB is too centralized, and Dogecoin investors may end up worrying again.
Considering all these factors, ETH is definitely the best choice.
This is also the reason why Cathie Wood from ARKK is fully entering the market.
3. Other institutions preparing to enter:
Ether Machine (Ethereum Digital Asset Management Company) is merging with other companies and is about to go public on Nasdaq under the ticker ETHM.
Plus, as mentioned earlier, BMNR is also heavily invested in Ethereum.
4. Surging transaction volume on the Ethereum chain:
The activity in the crypto space has exploded, and everything is on the way.
I previously predicted that funds from the stock market would fully move into the crypto space.
Now the second wave is about to set off, and we will wait and see.
