As the probability of the Federal Reserve's interest rate cut in December skyrockets from an earlier 56% to the current 96%!!!
Since October 10, the price of Ethereum has risen from a low of $2330.66 to a recent high of $4087.73, an increase of approximately 75.4%.
Although this increase is quite substantial, Ethereum's performance still lags behind other high-market-cap cryptocurrencies like Bitcoin.
Since the beginning of this bull market, Ethereum's price has not fully exhibited its potential vitality. High GAS fees, Vitalik Buterin's lack of management over Ethereum, and the Ethereum Foundation's inaction have all become limiting factors for Ethereum's development.
These factors have led to Ethereum's popularity being overshadowed by competitors like SOL, with many MEME coins choosing to launch on the SOL chain.
Ethereum's popularity has been somewhat diminished, and some individuals have even begun to sell off their Ethereum in favor of investing in other mainstream coins or MEME coins.
Recently, Ethereum seems to be regaining favor from institutions and large investors.
Despite the continued large selling pressure, ETF fund inflows indicate that institutional demand for Ethereum is surging. This may be because large investors and institutions have started to accelerate their positioning in the upcoming altcoin market.
EIEGN has also gained over 100% in the past half month, with several recent tokens doubling in value!!!
Other previously positioned coins like DOGE, XRP, APT, OP, UNI, LINK ENA have also achieved good returns.
Recently, I am preparing to position in a soon-to-surge potential coin for a short-term gain of 50%, along with some potential coins that may triple by the end of the year.
Don't miss out on opportunities in the bull market, follow the big players to position for the next big trend!!!
