In my opinion, let's review the logic of the operation of the Ethereum dog dealer:

1. First, lend out Ethereum and smash the market through the exchange, which can be clearly seen on the chain.

2. Continue to suppress the ETH/BTC exchange rate, causing large investors who are long on the exchange rate to liquidate or reduce their positions, while triggering small retail investors to panic and sell Ethereum, further suppressing the exchange rate.

3. Cooperate with the FUD that the Ethereum ETF will be rejected to continue to suppress the exchange rate and absorb Ethereum at a low price.

4. Absorb enough chips before the lowest point of the exchange rate near May 23.

5. Whether the ETF is delayed or passed around May 23, you can start to sing long on Ethereum and its younger brothers.

6. The leeks were shocked to hear that the cottage season has returned, and then only their own Ethereum is gone.

The most interesting thing is that many people have been suppressed by this round of Ethereum, and they think that Ethereum is garbage, has no future, and cannot be touched.

How much can ETH rise to at the peak of the bull market?

This is actually very easy to estimate.

I estimate the reasonable price of Bitcoin in the bull market to be 140,000-160,000 US dollars. Let's assume it's 155,000 dollars

In the bull market, BTC accounts for 0.32% of the entire market. Then the total market value of the currency circle is 155,000*21,000,000/0.32=10,171,875,000,000 dollars

ETH accounts for 0.2% of the bull market peak.

10,171,875,000,000*0.2=2,034,375,000,000 dollars

2,034,375,000,000/120,000,000=16,953 dollars

The price of Bitcoin today is 71,000 dollars. It will rise to 155,000 dollars = 2.18 times

Then ether will reach the peak price if it rises 4.58 times.

But I am used to discounting my estimates by 30%. Mainly because I am not very confident.

Then the price of Ether is 16953*0.7=11727U.

How much do you have in Bitcoin and Ethereum, and then multiply these two numbers, it is almost your peak return in the bull market.

I personally think it will not be too far off.

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