Ethereum rebounded from 2300 to 2700 points, rebounding more than 10%, which is only the average level of the cottage rebound. Whether Ethereum can stand up and show the strength of the old cottage leader depends on the trend of the ETH/BTC exchange rate.
The exchange rate has now fallen below 0.04. From the historical chart, it seems that 0.04 has reached a relative bottom, so in Q4 with loose liquidity, we have reason to believe that ETH/BTC can rise to 0.05. By then, if BTC returns to 7W, then ETH will return to the range of around 3500.
The last time ETH soared, it was directly pulled from 3000 points to 3600 points. The leeks who rushed in near 3600 points have been suffering until now, and only in November can they see the hope of unwinding.
But no matter what, the bullish trend is established, and the beautiful Q4 is coming soon, which is worth looking forward to.
