Ethereum $ETH has been bouncing around the 4000 mark lately, and this is the sixth time, which indicates that it still has quite a bit of strength in the market.
Where is Ethereum heading? Should we consider shorting it for some profit? To be honest, it seems like the momentum beneath ETH is lacking significant power. Although the ETF has given ETH a boost alongside Bitcoin BTC, it feels like Ethereum is a bit shaky and unstable on its own.
Another noteworthy point is that yesterday the Ethereum Foundation sold another 100 ETH. Although it’s not a large amount, such news can easily make people overthink in this market. Especially during a bull market, news like this can feel like a splash of cold water on the market, particularly for newcomers who might panic and quickly sell off their coins upon hearing such news.
As a result, some people begin to wonder if Ethereum is going to disappoint again. However, we should think positively; if ETH can rise above 4200 for two consecutive days, it might really say goodbye to prices starting with 3. This thought is quite exciting and worth waiting for.
For those holding spot positions, regularly buying some ETH might be a smart move. Although the current market is a bit bumpy, this also presents an opportunity for us. I believe Ethereum will eventually reach a new high of 4800; it’s just a matter of time.
During this period, many may exit due to the market’s volatility, but as long as we have fire in our hearts and coins in our hands, we will definitely have a share of the big cake in the future.
For the upcoming strategies, I will guide everyone to focus on the profit opportunities in altcoins, with an expected growth potential of over 10 times being very feasible. Like and comment, and I’ll take you along to strategize for the entire bull market!
