The price of Ethereum is soaring strongly, likely to first reach $5000 and then move towards $8000!

As analyzed yesterday, there was indeed a massive influx of funds into the market from Wall Street in the evening, causing both Bitcoin and Ethereum to break through.

Many people question the authenticity of this breakthrough in Ethereum; however, it should be considered that Bitcoin has already achieved a true breakthrough and will continue to rise. Ethereum has also tested the $4000 mark multiple times before, so I am more inclined to believe that this breakthrough of Ethereum at $4000 is real and valid, about to enter a price vacuum area with vast prospects!

Currently, this bizarre market trend is as analyzed in the previous days, Bitcoin is indeed absorbing funds from smaller coins. Bitcoin needs to first complete the rise, for example, reaching around $120,000, after which smaller coins will rise and trigger an explosive market.

In fact, it is quite surprising that Ethereum can rise alongside Bitcoin without being drained of funds, indicating that Ethereum's ETF has indeed played a role, soaring together with the massive influx of funds from Wall Street.

Ethereum long positions were firmly entered when it was over $3800.

At that time, many investors were bearish, suffering from a tumultuous market, even shorting. Our community, however, significantly increased positions, daring to buy into areas others were afraid to touch.

If you have not purchased Ethereum before, you can appropriately add positions when the price corrects. This time, it is expected to challenge the $5000 mark. Take a look at the market, and start your journey to wealth!*

Additionally, the explosive rise of Bitcoin and Ethereum indicates that the altcoin season is now a certainty. Therefore, coins like Pepe, Uni, Doge, and AAVE can be pre-positioned when prices are low, and the altcoin season should start in a few weeks.