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.
BTC1.93%
ETH1.96%
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
  • 4
  • Share
Comment
0/400
pvt_key_collectorvip
· 08-04 15:49
If you don't enter a position soon, you'll only be able to see the taillights.
View OriginalReply0
DefiEngineerJackvip
· 08-04 15:47
actually™ your eth price models are fundamentally flawed. historical correlation != causation, ser
Reply0
LiquidityHuntervip
· 08-04 15:46
go-with-the-flow Coin Hoarding ing not chase the price
View OriginalReply0
StrawberryIcevip
· 08-04 15:21
I went all in on this wave of ETH!
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)