When will the ETH market come? ? ?
In the past year, everyone has been betting on the super trend of ETH, but the cycle of ETH has not yet arrived; People like me who don’t chase high prices will also bet on the compensatory rise of ETH through the exchange rate between ETH and Bitcoin, which is relatively low-risk; So here comes the question that many people are concerned about: When will the bull market cycle of ETH come? Everyone has been guessing this question for a whole year. The line-drawing school, the data school, and the metaphysical school have all taken turns to participate. Those who have been in the cryptocurrency circle for a long time have thought that Ethereum will definitely rise this time, but the reality is contrary to their wishes. So far, Ethereum still follows Bitcoin and has not gone out of its independent market.
There are four situations to judge when Ethereum can go independent:
1: Bitcoin's ETF funds enter a sluggish stage. Large funds have nothing to speculate and can only turn to Ethereum, because other targets cannot accommodate too much funds for the time being;
2: Ethereum's ETF application is approved, which is equivalent to the approval of Bitcoin's ETF (has happened)
3: Ethereum conducts a wave of super liquidation to clear the leveraged funds that are currently in the large-scale rebound of Ethereum;
4: A phenomenal track suddenly appeared in the Ethereum ecosystem, similar to the DeFi and NFT tracks during the last bull market;
Of these four situations, two of them represent the arrival of Ethereum's independent market.