The value of Ethereum (ETH) continues to rise, bringing new hope to investors. From the initial investment point, it has surged by hundreds of points, and ETH's performance has demonstrated a strong upward momentum. This phenomenon raises the question: why, while some question blockchain technology, can ETH exhibit such strong resilience in the global financial market?



Currently, the market is closely watching Trump's attitude towards the proposal for the allocation of crypto assets in the 401(k) retirement plan. If the proposal is approved and implemented, it could trigger strong positive sentiment in the US stock market, which may in turn become a catalyst for a new round of rise in the cryptocurrency market.

Ethereum's development strategy seems more inclined towards establishing long-term market consensus rather than pursuing short-term emotional fluctuations. It may only take a favorable policy environment and the synergistic effects of the sentiment in the US stock market for ETH to reach the milestone of $4000.

It is worth noting that the current market sentiment towards ETH is strong with optimism. Some analysts believe that Ethereum may soon initiate a new major upward trend. However, investors should remain cautious and closely monitor market dynamics.

At the same time, the market is also paying attention to several other notable projects, such as BIO, OMNI, OG, and ORCA. The performance of these projects may impact the entire cryptocurrency market.

In addition, the liquidity issues of Bitcoin (BTC), the attitude of the U.S. Securities and Exchange Commission (SEC) towards liquid staking, and the behavior of large ETH holders (commonly known as "whales") increasing their holdings are all hot topics in the current market that investors should continue to pay attention to.

In this rapidly changing cryptocurrency world, it is essential to stay vigilant and continue learning. The future market direction may be influenced by various factors, including but not limited to policy changes, market sentiment, and the behavior of large investors.
ETH0.11%
TRUMP1.44%
BIO2.11%
OMNI1.72%
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
  • 5
  • Repost
  • Share
Comment
0/400
CryptoFortuneTellervip
· 08-10 09:48
bearish traders千万别走 就等4000一起发财
View OriginalReply0
LazyDevMinervip
· 08-07 21:48
Already all in, lying flat waiting for 4000
View OriginalReply0
GovernancePretendervip
· 08-07 15:50
buy the dip and that's it.
View OriginalReply0
GasFeeAssassinvip
· 08-07 15:35
I'm an old sucker in the crypto world~ Now I'm a patrol little brother in Vitalik Buterin's wallet.
View OriginalReply0
MiningDisasterSurvivorvip
· 08-07 15:31
The suckers' carnival has started again. Have you forgotten about the losses from 2018?
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)