Recently, the significant rise in the price of Ethereum (ETH) has garnered widespread attention in the market. This surge was not sudden but rather the result of long-term accumulation, fully reflecting the market potential of ETH. Although the room for growth in Bitcoin (BTC) may be limited, it has undoubtedly opened up an upward channel for the entire cryptocurrency market and attracted a lot of external capital's attention.



In this market environment, mainstream cryptocurrencies such as Ethereum seem to be taking over the baton from Bitcoin. Industry analysts predict that these currencies are likely to show a stronger upward momentum than Bitcoin in the upcoming market trends.

It is worth noting that despite experiencing a certain degree of decline previously, the overall upward trend of Ethereum has not been broken according to the technical analysis of the daily chart. This is also why many investors remain optimistic about Ethereum even during market downturns, believing that one should not go against the trend.

As the market focus gradually shifts from Bitcoin to other mainstream cryptocurrencies, investors are closely watching the performance of digital assets such as Ethereum. However, the cryptocurrency market has always been highly volatile, and investors still need to be cautious when making decisions, taking all risk factors into consideration.
ETH-3.27%
BTC-0.96%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
ChainMelonWatchervip
· 08-14 04:58
big pump is an opportunity.
View OriginalReply0
GateUser-75ee51e7vip
· 08-12 23:46
Lying in ambush in advance
View OriginalReply0
GasWranglervip
· 08-12 23:31
Just do eth.
View OriginalReply0
AirdropChaservip
· 08-12 23:26
Sticking to ETH is the way to go.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)