Looking at it, the 4-year bull market has arrived. Bitcoin has risen from a bottom price of 16,000 USDT to today's 108,000 USDT, an increase of over 6 times. Big brother is still big brother, but this second brother Ethereum, which made many people financially free in the last round, seems to have disappeared this time. The bottom price was 1,000 USDT, and the current highest price is only 4,100 USDT, which makes many old investors in the crypto circle doubt:
Does this second brother still have a future? Can you still stand strong? Can you still rise this round? Next, I will analyze Ethereum's price trend in detail from different dimensions:
Ethereum's performance in this bull market from 2020 to 2021
Last bull market: On December 18, 2020, the price rose from $619 to $4,379 in just 5 months, a 7-fold increase. Now let's take a look at BTC's performance during the same period, as many times, we still need to look at the big brother's face to act:
During the same period, BTC's price rose from $22,800 to a peak of $64,800, an increase of nearly 3 times. If we purely compare the increase from the last round, the increase after Christmas is where ETH can outshine BTC, which has made many old investors firmly believe: after big brother rises, second brother rises, and then the altcoins dance wildly, and finally, the bull market ends.
However, this round so far is: Bitcoin is shining alone! 99% of altcoins have not broken through the previous highs of the last round. The previous round of ETH greatly benefited from the rapid development of DeFi, GameFi, etc., but in this round, there have not been several phenomenal applications on the Ethereum chain, which has also somewhat affected the price increase.
So compared to the last round, Ethereum's major increase will occur in the 4 and a half months after Christmas, which gives us enough time to have expectations and wait for it.
