ETH is only 2% away from the historical high! Yet Gas fees are at the lowest in five years? These 3 signals indicate that the bull market is not just a precursor, it's already here!
Has anyone playing with ETH noticed a magical phenomenon: ETH surged 7% this week, only 2% away from the historical high of $4,891 in 2021, but when checking the Gas fee during transfers—it was as low as 0.396 gwei (data from August 16), the lowest in five years! In contrast, BTC, even with Powell giving 'optimistic statements', fell below $120,000, with funds rushing from BTC to ETH, and the ETH/BTC ratio has broken through the resistance of 0.04 (the first time since the election season)!
Stop asking 'Is this a precursor to a bull market', let me clarify today: The current market for ETH is not 'getting ready for a bull', it's 'already in a bull', and it's a 'new bull market' that's more stable than 2021—because previously ETH's rise was 'speculative', now it's 'based on fundamentals', three solid signals will tell you why!
Stop asking 'Is this a precursor to a bull market', let me clarify today: The current market for ETH is not 'getting ready for a bull', it's 'already in a bull', and it's a 'new bull market' that's more stable than 2021—because previously ETH's rise was 'speculative', now it's 'based on fundamentals', three solid signals will tell you why!
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ETH
4,350.5
-3.26%
BTC
108,322.12
-3.46%