Ethereum is still in the accumulation stage of major buyers;
Since the beginning of this round of market rise, major buyers of Ethereum have completed three rounds of accumulation and are now experiencing the fourth round, but this round of price fluctuations is more drastic than the previous three rounds:
First round: From August 2023 to October 2023, the accumulation price range is 1750-1520, the price fluctuation range is 13%, and the final high point is 2700, with an appreciation rate of 70%;
Second round: In January 2024, the accumulation price range is 2500-2200, and the price fluctuation range is 1 2%, and the final price rushed to 4100, with an increase of 70%;
The third round: from mid-April 2024 to mid-May 2024, the accumulation price range was maintained at 3200-2800, the price fluctuation range was 13%, and the final price reached 4000, with a growth rate of nearly 40%;
The fourth round: from mid-June 2024 to now, the accumulation price range fluctuated between 3500-2800, with an amplitude of up to 20%, and its subsequent development deserves our continued attention;
It is worth noting that the accumulation mentioned here does not mean continuous buying without selling. From the data, the profit expectations of major buyers are usually between 40%-70%. Once this profit range is reached, they will begin to lock in profits, which is the true meaning of market trading;
Therefore, those who talk about faith when prices rise, expect that Bitcoin will rise to 100,000 and Ethereum will rise to 10,000, and when prices fall, they declare that the market will collapse and the price will return to zero. Extreme views are all from those who do not actually trade.
Those who like contracts or spot can come and flirt.
My points are very accurate, and old fans know what my strength is.
For details, please see the introduction on the homepage.
