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After the recent strong rise of Bitcoin, the market's focus is gradually shifting towards Ethereum. Currently, the ETH price has pulled back to around $3400, which may become the starting point for a new round of rise. From historical data, Ethereum often performs well during Bitcoin's pullback periods, taking over the baton of the bull run.
This year, Ethereum faces two important bullish factors: the advancement of spot ETFs and the upcoming halving event. These factors could drive the price of ETH to around $7000 by the end of the year. The current market environment presents a possible entry opportunity for investors.
However, it is important to note that the cryptocurrency market is highly volatile, and investors should make decisions cautiously and manage risks effectively. Although ETH is currently showing positive signals, there is still uncertainty in the market direction. For those investors who missed the Bitcoin rise, Ethereum may provide a new opportunity, but it is also essential to remain rational and avoid blindly chasing highs.