Ethereum has broken through the ceiling, first aiming for 5000, next step 8000 USD!

As we analyzed yesterday, indeed big funds entered Wall Street last night, causing both Bitcoin and Ethereum to break through.

Many people think that Ethereum may be a false breakout, but you need to consider that BTC has truly broken out and will continue to rise, while ETH has tested the 4000 mark multiple times before, so I am more inclined to believe that this time the 4000 level is a real breakout, and we are about to enter a price vacuum zone, it is a sea of stars!

The current strange market situation is just as we analyzed a few days ago; indeed, Bitcoin is sucking the blood of small coins. Bitcoin needs to rise first, perhaps to around 120,000 USD, before small coins will follow suit and start to explode.

In fact, I was quite surprised that Ethereum could rise alongside BTC without being drained, it seems that Ethereum's ETF is indeed effective, being flooded by Wall Street, and both are soaring together.

We firmly entered ETH long positions at just over 3800. At that time, many people were bearish, shaken by liquidation data, and even shorting into liquidation, while our community aggressively increased positions, buying what others dared not buy.

If you haven't bought ETH before, you can accumulate a bit at lows; this time there is hope to reach the 5000 mark. On the other hand, with the explosive rise of BTC and ETH, the arrival of altcoin season is a certainty, so coins like Pepe, Uni, Doge, and AAVE can be accumulated at lows, and the altcoin season should start in a few weeks.