Ethereum May Face Another Entry Opportunity
Similar to Bitcoin, Ethereum often experiences a decrease in momentum after a significant price increase, especially when it rises over 60% within 30 days. Historical data shows that this is usually a time for profit-taking. Currently, the price has retraced to levels from a month ago, which may indicate another entry opportunity, particularly if the bull market extends into 2025.
Although Ethereum has not demonstrated the same high beta characteristics in this rebound as it did in the previous bull market, it remains a popular asset among investors, with recent ETF inflows further proving its market position and demand.
In summary: The correction is in place, it's time to enter!
Bitcoin is currently in wave B of the rebound, there is still one wave to go, take note!