$ETH Ethereum has been criticized since the beginning of this year due to the continuous rise of Bitcoin. However, the second-largest market cap ETH has remained low until it unexpectedly exploded from late July to August, experiencing a violent surge, having more than doubled since its low in March this year. If you ask why Ethereum has been able to rise so much this month, the answer is simple: Wall Street has arrived. Continuous massive purchases from Wall Street have been pushing prices higher, and the previous highs might not seem so high in hindsight. The Trump family has been buying ETH since early this year, and looking back, following Trump's investments is a straightforward strategy.
Has the bull market really arrived? The rise of Bitcoin in the first half of the year, followed by Ethereum's relay, should make long-term investors in the crypto space feel that this bull market currently belongs only to Bitcoin and Ethereum; other altcoins, whether in the primary market or not, have not shown much impressive performance yet. Perhaps the money hasn't flowed to these areas, or there may still be opportunities. The native residents of the crypto space have increasingly lost their sense of presence amid the rising tide of BTC and ETH this year, not only giving up their ETH chips but also losing principal and energy in ongoing PVP on-chain battles. The end of an era inevitably brings a new era.
In summary, August is destined to be an extraordinary time. Keep an eye on the opportunities in the bull market; seizing a good opportunity could be enough to sustain several years of living. $ETH