Ethereum hits a new high in June🚀
It is certain that the price will rise, rise, and rise. It is just a matter of how much it will rise and how long it will rise. However, the fact that it is rising is because the Federal Reserve currently maintains a high interest rate of more than 5%. It is impossible not to cut interest rates at such a high interest rate. It is just a matter of when to start cutting and how to cut.
Market conditions:
In the past few days, BN's new coins have been pulling up the market. In a short period of time, coins such as NOT and BB have pulled up 2-3 times from the lowest point. The recent rise is because most of the chips in the hands of retail investors have been sold, so it is easy to pull up. When the market's attention and funds are attracted, the main force begins to distribute high-priced chips to retail investors. Of course, no one knows this high price, and even the main force has to adjust according to market conditions.
As for the market:
Ethereum is still around 3800. In fact, whether it is mainstream or copycat, the rise and fall of prices require the participation of funds. Ethereum had funds coming in a while ago, which pushed it up by more than 20%, but from the perspective of the exchange rate, it is actually just catching up with the previous wave. In the recent market, there is not much cost-effectiveness to buy. Funds are rotating in sectors, so you can only ambush or wait for the market to take a new direction. Both Bitcoin and Ethereum can fluctuate at high levels, so there is no need to be afraid of spot positions.
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