BlockBeats news, on August 9, LD Capital founder Yi Lihua posted on social media that after ETH broke through the double top resistance level of 4000 USD, the new target is to break the new high of 5000 USD and catch up with the BTC exchange rate of 10,000 USD. Of course, the rise will not be direct; it is essential to stick to the bull market trend and the strategy of accumulating during pullbacks, while the expectation of interest rate cuts will bring about a quality altcoin season.

Subsequently, Ethereum rose to 4200 USD. Yi Lihua stated that such performance aligns with the situations of the bull markets in 2017 and 2020. Only ETH can bring investors back to the bull market. Hold ETH and do not short it; otherwise, you will miss this round of the bull market.