Currently, many people are saying that ETH will break through 10,000 USD. I really don't understand what their basis is. Is it just based on talk? I think if ETH can break through 4,000 to 4,900 USD next year, that would be quite good.
Yesterday, ETH started to show some unusual movements, mainly because it had been consolidating for several days. After a long period of consolidation, it often leads to a surge, so last night it dipped down to 3,060 USD.
From an internal logic perspective, it is mainly because the BTC market is at a high consolidation level, and some funds have flowed into altcoins, especially ETH and the leading coins in various sectors.
Therefore, the performance of altcoins is closely related to the trend of ETH.
Speaking of specific price points, ETH needs to first break through and stabilize above the recent maximum resistance level of 3,444 USD before it can potentially aim for 3,660 to 3,996 USD.
And calling for 6k or 10k after a rebound of a couple hundred points is completely unrealistic.
If one blindly expects ETH to rise, it could lead to significant losses in this market cycle.
ETH has long been neglected by capital; this is not a matter of one or two days, especially in the contract market, where simply going long may easily lead to being trapped.
If it's spot holding, it might be wise to wait and observe, but careful operation is required.
