Recently, Ethereum's performance has been remarkable. From the daily chart, it has shown a nearly continuous pump. Although there have been some minor pullbacks during this period, these pullbacks seem to be just preparing for further rise. Currently, the price of Ethereum is fluctuating around 3900 dollars, just a step away from the high point of this bull run at 4100 dollars.



Usually, before each round of Bitcoin reaching a new high, Ethereum tends to show a pullback trend. This time is no exception. After Bitcoin surged significantly and entered a correction phase, Ethereum quickly began its own recovery journey. The previously set target prices of $3300 and $3600 have been successively broken, and now the target of $3900 has also been achieved. If this wave of market is grasped properly, investors may obtain considerable returns.

It is worth noting that this pump of Ethereum is not an isolated event, but part of the overall strengthening of the cryptocurrency market. However, investors still need to be cautious, as the cryptocurrency market has always been characterized by high fluctuation. Although the current trend looks promising, market conditions can change at any time.

Overall, Ethereum's strong rebound demonstrates the market's confidence in it and reflects the vitality of the entire cryptocurrency ecosystem. With the continuous development of applications such as decentralized finance (DeFi) and non-fungible tokens (NFTs), Ethereum's infrastructure role may become more prominent, which could also provide support for its future price trends.
ETH-0.21%
BTC-0.41%
DEFI21.91%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Share
Comment
0/400
OnchainHolmesvip
· 07-28 12:46
buy the dip is a good time to enter the market
View OriginalReply0
SmartMoneyWalletvip
· 07-28 04:53
Bull run is optimistic about ETH's future
View OriginalReply0
BearMarketNoodlervip
· 07-28 04:46
Rebound a wave and then Rug Pull
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)