Why is Ethereum experiencing a short squeeze rally this time? When it was at 1500, most people predicted it would go to 800, and when it reached 2250, most people said it would go to 2000. The reasoning is the same.
币圈大太子
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Bullish
Prince discovered that during this period, especially after Ethereum's rise, many people like to predict the bull market peak price of certain coins. In fact, this is very foolish. Predicting the peak price in a bull market follows the same logic as predicting the bottom price in a bear market. There is a law that, for example, when everyone predicts where Ethereum will fall to in a bear market, if they say 2000, it is very likely to fall below 2000. In the previous round, Ethereum's lowest was 880. When everyone predicts Bitcoin's highest will be 100,000 in a bull market, it will definitely break 100,000. This is because the rhythm of a bear market is constant decline; once the cycle reaches the bottom, it naturally forms. The rhythm of a bull market is continuous rise; once the cycle reaches the top, it naturally forms. Therefore, bears do not speak of bottoms, and bulls do not speak of tops. Predicting is like going against the market, arguing; in the face of trends, do not be self-centered, just follow them.
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