After experiencing fluctuations, the Ethereum market has entered a consolidation range, with active ecological projects and prices expected to rise in early next year. However, the market is unstable and caution is needed. Ethereum price trend: similar to August, with a sharp decline followed by consolidation, and the market is focusing on the upgrade. Ecological project prosperity: projects like Pepe and Puffer attract funds and see price increases. Upgrade expectations drive optimism: a significant upgrade is imminent, and the market is optimistic about its prospects.
Recently, the Ethereum (ETH) market has shown a series of noteworthy changes. From the price trend perspective, the current ETH market is similar to August in many ways, first experiencing a sharp decline and then entering a consolidation range. Although the time span of this market is relatively shorter than in August, the similar fluctuation pattern has drawn close attention from investors.
In March next year, Ethereum will undergo a significant upgrade, a key milestone that injects a strong boost into the market. Looking back, ETH has generally shown an upward trend in price about two months before similar upgrades, with market expectations heating up in advance. Currently, ETH has shown a certain relative strength compared to Bitcoin (BTC), and the flow of funds reflects investors' optimism about its upgrade prospects.
Ethereum's ecological projects are also performing actively. Projects such as Pepe, Puffer, and AAVE have attracted a large influx of funds, with strong buying momentum. Among them, Puffer has a daily increase of 10%, having accumulated a rise of 35% from the entry price of 0.6, and Pepe also shows a significant upward trend. The prosperity of these projects not only benefits from Ethereum's underlying support but also reflects market confidence in its ecological development.
Looking ahead to early January, the return of Wall Street funds has always been a key milestone for the cryptocurrency market. At that time, Ethereum is expected to welcome a new wave of market heat driven by fund inflows and its own upgrade expectations. However, it is important to note that the overall cryptocurrency market remains highly unstable, with significant uncertainty in technological innovations and price trends, and investors should maintain a cautious attitude.