Now the market is in two extremes: Bitcoin is leading the way, while Ethereum is also striving to follow closely. Altcoins have plummeted, and occasionally a few standout performers appear, which keeps retail investors intrigued. Currently, the greed index is at 83, indicating extreme greed.
Personally, I still have a positive outlook on Ethereum. Despite Bitcoin's significant draining of liquidity, it has still reached a new high for the year, currently above 4000. However, ETH/BTC remains below 0.038, and there is still ample room for growth. A clear indication this week is that Ethereum's turnover period has already passed, and ETFs continue to see net inflows, showing that Wall Street's money is consistently coming in. Meanwhile, seasoned investors in the crypto space have also sold off a lot. Therefore, the future of Ethereum still looks promising.
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