It is evident that a bull market that occurs once every four years has arrived. Bitcoin has risen from a bottom price of 16,000 USDT to 108,000 USDT today, an increase of over 6 times. Big brother is still big brother. However, this once wealth-liberating second brother, Ethereum, seems to have gone silent this time. The bottom price was 1,000 USDT, and the current price has only reached a maximum of 4,100 USDT, leading many veteran traders to doubt:
Does this second brother still have a future? Second brother, can you still get hard? Can you still rise in this round? Next, I will analyze the price trend of Ethereum [ETH] in this round from different dimensions:
The performance of Ethereum during this bull market from 2020 to 2021
The last bull market: On December 18, 2020, the price rose from $619 at that time to $4,379 in just 5 months, an increase of 7 times. Now let's take a look at the performance of BTC during the same period, as often we need to consider the big brother's situation:
During the same period, the price of BTC rose from $22,800 to a maximum of $64,800, an increase of nearly 3 times. If we simply compare the increase from the last round, the price increase space after Christmas is where ETH crushes BTC, which makes many veteran traders have always believed: big brother rises first, then second brother rises, followed by the chaotic dance of altcoins, and finally the bull market ends.
However, in this round, it appears that Bitcoin is shining alone! 99% of altcoins have not broken through the previous high of the last round. The previous round of ETH largely benefited from the rapid development of DeFi, GameFi, and others breaking into the mainstream. However, 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, the significant increase for Ethereum will happen in the 4 and a half months after Christmas. Therefore, we still have enough time for our expectations and waiting.
