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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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Chinese Analyst Revealed: "If Ethereum Exceeds This Price Level, a Bull Market Begins"
JackYi, the founder of LD Capital, stated in a social media announcement that the volatility in the crypto market is approaching its end. Yi argued that while sudden dumps can occasionally disrupt the process when the market is in a rise, these surges will not change the overall trend.
JackYi, who claims that the expected interest rate cuts and developments in the Ethereum ecosystem will surprise patient investors, stated that especially if the Ethereum (ETH) price exceeds the $3,000 level, this will be a true harbinger of a bull market not just for investors, but for the entire sector. Yi said, "We only buy on dips during a bull trend."
So why is ETH lagging behind Bitcoin? According to Yi, the main reason for this situation is that institutional investors have adopted the narrative of Bitcoin. While Bitcoin is seen as a "store of value" with a simple and clear value proposition, ETH's function is much broader and more versatile.
Ethereum is not just a cryptocurrency; it also forms the programmable infrastructure of the entire tokenized economy. Therefore, the narrative of Ethereum is more comprehensive, which leads to delays in institutional adoption.
However, Yi believes that the broad potential of Ethereum will be better understood over time and that price movements will reflect this.