Ethereum Prague Upgrade: Is the Major Bull Run About to Arrive?
According to past patterns of Ethereum upgrades, after each significant upgrade, its price typically experiences a strong bull run in the following three months. The Prague upgrade is expected to be completed in January 2025, but whether it will be delayed remains to be seen.
A review of Ethereum's upgrade history:
1. Upgrade Patterns: Each Ethereum upgrade (such as the London upgrade and the Merge) has a significant impact on its ecosystem and performance, while also providing a boost to price increases.
2. Short-term Volatility vs. Long-term Trends: Although each upgrade faces the risk of delays, in the long run, such technological improvements always inject confidence into the market and attract capital inflows.
Predictions for the impact of the Prague upgrade:
• Technical Enhancements: The upgrade will further optimize network performance, attracting more developers and users into the ecosystem.
• Market Sentiment: The completion of the upgrade will strengthen the value perception of Ethereum, driving capital inflows and supporting price increases.
• Time Window: According to past patterns, the three months following the completion of the upgrade may be a potential period for the initiation of a major bull run.
Strategic Recommendations:
1. Advance Positioning: Gradually build positions during the upgrade expectation period to cope with short-term volatility.
2. Monitor Upgrade Progress: If delays occur, it may lead to short-term corrections, but it does not affect the long-term bullish trend.
3. Mid-term Goals: The major bull run window is concentrated within three months after the completion of the upgrade, and one can gradually take profits at opportune moments.
The Ethereum Prague upgrade may once again open up a market upcycle; patiently waiting is the wisest strategy at present!$ETH