Follow

The current market is a tale of two extremes: Bitcoin is leading the charge, while altcoins are struggling to keep up. Some tokens occasionally shine, but they are just tempting retail investors. Currently, the greed index is at 83, indicating an extreme level of greed.

Personally, I remain optimistic about Ethereum. Despite Bitcoin's significant pressure, it has still reached a new yearly high, currently above 4000. However, ETH/BTC is still below 0.038, indicating plenty of room for growth in the future. A notable observation this week is that Ethereum's turnover period has passed, and ETF inflows continue, suggesting that Wall Street money is consistently flowing in. Meanwhile, long-time investors in the crypto space have sold off a lot, so the future of Ethereum still looks promising.
#ETH