ETH/BTC exchange rate bottoms out on daily level, is ETH at $2,300 just the beginning?
The main positions of many retail fans are in ETH, because the price of BTC is too high, and the price-performance ratio is not high. They used to scold ETH every day for being too soft, but today they woke up on Friday and the price exploded to close to 2,400!
So in fact, this bull market has taught many newbies how to trade and invest in the currency circle.
Of course, this does not mean that Ethereum has no value, but we need to know when to invest in what to make it a more cost-effective choice!
There are three current problems with ETH:
First, fans see that BTC’s BRC20 ecosystem is increasingly breaking new highs and Ethereum is slowly moving forward;
Second, BTC is almost certain to pass the big expected spot ETF + halving market in 2024 and ETH has been criticized by the SEC as a short-term problem of securities;
The third is the rapid development of the BRC20 effect, the Cancun upgrade of Ethereum and the lagging development of the L2 network!
But these three problems are actually all solvable problems, it just depends on how the promoters promote them. So all the problems that can be solved are just a matter of scheduling the hype time. I think it's not a problem.
Finally, my personal opinion is that I am still very optimistic about Ethereum. Although my current Ethereum position is not large, I will exchange some for it when the BTC/ETH exchange rate is better at the right time, maybe before February. . I like the super exchange rate. In the past two years, I have continued to increase the amount of BTC through the exchange rate, which is the happiest thing for me.
I believe that Ethereum will definitely have its time of strength. It is not impossible for Ethereum spot ETF to pass. Ethereum Cancun upgrade and L2 are always expected, but the hype time has not yet come. If it rises, the people and people who are scolding him now will A wave of people will take over for him, and a big positive line can solve all problems.
