《Shocking! ETH Dominates the Market, Can Ethereum Make a Comeback to Become the Next Focus?》
The ETH (Ethereum) market is currently under severe control, as the high price of Bitcoin attracts more retail investors to Ethereum, resulting in a large number of spot holders for Ethereum, making it heavy. The majority of Bitcoin tokens are held by the whales, leading to a dual massacre in contracts, while Ethereum and other altcoins remain unaffected. For the whales, it's just a matter of shifting from one hand to the other, with the whole market watching the Bitcoin performance, continuously draining liquidity and breaking new highs. Therefore, trading Bitcoin contracts requires caution; nowadays, rising or falling by ten thousand points is just a matter of a few points. I am focusing on Ethereum, having bought on a long position at 3930 yesterday and added to my position once, currently at 3870, with a plan to add again at 3650 for the long term, waiting for it to rise to 5000 - 6000. After all, it’s a bull market; even if the whales control it highly, they cannot let Bitcoin dance alone, otherwise, it defeats the purpose of a bull market, and purely cutting retail investors will make no one dare to participate in the crypto space next time. Personally, I believe that Ethereum, as the second strongest in the crypto space, will eventually show its strength; it cannot keep dragging down.
The Musk-themed dog puppies are the strongest concept on the Ethereum chain, with 15,000 holding addresses, and are expected to become the next SHIB.
