Does ETH still have the opportunity to explode?
The recent ETH market has really disappointed many people, and many feel that ETH has completely declined this time, allowing the newly emerging public chains like sol, sui, bnb, etc. to take away its funds and traffic. Is ETH really that incapable?
Regarding the current ETH trend, my view is that we shouldn't look at the past. At this large level, you should take a good reference at this time to the wave that started to break out on October 17 last year. You will understand that there isn't a major surge at this moment, which indicates that the overall large market is still in the beginning stage, because whenever ETH starts to surge wildly, it is mostly at the tail end of the market.
So for the current ETH we hold, my strategy is: hold onto the spot, at the $3000 position, there is over an 80% probability of doubling in the next three months. The Prague upgrade in the first quarter of 2025, without discussing technicals in the short term, I personally believe that reaching above $4000 before Christmas has over a 90% probability of happening. As for the large market starting to surge, I think it may begin in late December, after January 20 when Trump starts his term, many favorable cryptocurrency policies will officially be implemented. If Ethereum rises to high levels, above $6000, some altcoins can reduce their holdings or even liquidate and wait for the right moment.
