After the drop, ETH has been consolidating, having touched 4000 before now hovering around 3650. The decline is roughly around 10%. Meanwhile, the ETH/BTC exchange rate is still undergoing adjustments and is continuously repairing itself. From a mid-term trend perspective, the ETH/BTC exchange rate still looks optimistic. We firmly believe that the exchange rate will reach 0.05 in Q1 of 2025, which means that ETH's price will inevitably return to its previous highs and reach new peaks. Therefore, purchasing ETH during the pullback remains a wise decision in the long run.
As for Bitcoin, there's no need to say much. Regardless of market rumors, Bitcoin has been consolidating for a while now. Why? Because Bitcoin's market cap is already enormous, and each upward movement requires more momentum. Especially since new investors are looking for a straight line move in Bitcoin, it needs to further accumulate energy. Today, Bitcoin's fear and greed index has reached 74, indicating a position of greed, which is comfortable. Just hold on.
For players interested in altcoins during this bull market, how should they choose? For instance, is now a good opportunity for players who like ADA and XRP? If you are dollar-cost averaging (DCA) and buying on dips, then this is a suitable time. If you are a value investor, I can say that these two star altcoins still have lower points in the future. That might be a better time to buy.