Let's talk about ETH! I bought ETH at a price below 1000u at the beginning of 2023. At that time, it was for playing with meme coins on the ETH chain, and coincidentally, ETH was cheap, not much more expensive than the peak BNB, so I exchanged for dozens and have held on to them until now. When ETH broke 4000u, I didn't sell any, and now Bitcoin has almost returned to its previous high, while ETH has dropped below 2500.
During this period, many people have been bearish on ETH, with some believing that Ethereum is about to collapse. On any platform, criticizing ETH will garner a lot of traffic. However, many big players are quietly holding; everyone knows it but is unwilling to say it out loud. I don't care about others' opinions; let me share my understanding today.
1. Ethereum ETF - It's coming!
First of all, the process of Ethereum ETF has been ongoing. Everyone has seen that even before the Bitcoin ETF has officially landed, it has already attracted widespread attention. Once the ETH ETF is approved, it will open the door for a wave of new capital, which is 'big money' that we usually do not have access to. With the ETF, traditional investors, retirement funds, and institutional capital will be able to invest in ETH through legal and compliant channels. The potential significance of this is considerable.
So, if you have ETH now, you might want to think about the benefits of holding it: the new capital inflow brought by ETFs will increase market demand, and prices may naturally rise.
2. The 'change of hands' signal cannot be ignored.
Recently, I've heard about the actions of some big players, indicating that the main funds behind them might be 'changing hands'. This means that the previous capital has cashed out, and a new batch of players with significant funds is preparing to reposition. This usually signals a change of hands at the bottom to prepare for the next wave of price increase. To put it more plainly, big players cannot buy at high prices; they are all re-entering at lower levels, so that when the next bull market arrives, they have enough profit space. So, if the big players are buying in at low prices, you know what that means?
3. The foundation's price control - possibly a strategic operation.
Let's take a look at the actions of the Ethereum Foundation. They hold a portion of ETH and have recently been intentionally suppressing the price. This does not mean they are pessimistic; rather, they are likely preparing for a new round of technical upgrades or market adjustments, aiming to control the price and prevent it from soaring too early. This way, some core projects and partners within the Ethereum ecosystem will have more time to adjust and attract new users and capital. Once the price suppression period is over, the opportunity for a price rebound will come more fiercely.
4. RWA - A bridge to real-world assets.
Recently, there has been increasing discussion about RWA (real-world assets). In simple terms, RWA allows traditional real-world assets (like real estate, bonds, etc.) to be digitized through the Ethereum network. The opportunities behind this are immense. If Ethereum truly becomes a bridge for real assets, then its demand and ecosystem will experience explosive growth. Wall Street's entry is precisely because they recognize what RWA represents for the future.
5. The entry of Wall Street bigwigs.
Indeed, the mainstream institutions on Wall Street are increasingly interested in Ethereum. Many people are saying that the injection of capital from traditional finance will reduce the volatility of Ethereum, and the upward price potential will also be more stable. Although Wall Street's entry also means more regulation in the future, a more stable market will reassure more traditional investors to enter, driving up the value of Ethereum.
Summary
Overall, Ethereum is now at a new starting point. ETFs are on the way, major players are positioning themselves, the foundation is controlling the price, RWA brings broad prospects, and Wall Street bigwigs are eyeing it. Based on this information, I believe it makes sense to continue holding ETH, especially considering the significant opportunities and potential new capital inflow in the future.
So, don't rush to cut losses; be patient and wait a bit. Perhaps after some time, you will be grateful for today's choice.
