Ethereum is brave again, is it expected to reach 20,000?
The cryptocurrency market has fluctuated violently in the past week, and the price of Ethereum has fluctuated between 3,700 and 3,900, with no obvious trend. Investors should remain calm and invest in value coins at their own pace.
The approval of the Ethereum spot ETF has attracted more institutional investors, such as BlackRock, further pushing up the price of Ethereum. At present, the price of Ethereum is below 4,000, and long-term holding is a wise choice.
BlackRock's IBIT fund has a size of more than US$16.5 billion, making it the world's largest Bitcoin ETF. In the current volatile market, retail investors are selling and institutions are buying. Although prices may fall in the short term, in the long run, it will be difficult for retail investors to get on board again after exiting.
Market optimists expect that with the approval of the Ethereum ETF and the influx of Wall Street capital, the price of Ethereum may reach US$20,000. If realized, the current price of Ethereum is very cheap, and investors should hold it firmly.
The large-scale purchases of institutions such as BlackRock will help the continuation of the bull market, but they will become the main sellers at the peak of the bull market or in the bear market. Investors need to recognize this and be prepared.
Since May, the price of Ethereum has risen sharply, driven by the approval of spot ETFs. The price of Ethereum in a bull market may reach $10,000 or even $20,000. Investors should hold Ethereum firmly.
The cryptocurrency market provides ordinary people with opportunities to grow their wealth, but they need to make the right choices.
Investors should invest their funds in potential assets such as Ethereum and SOL.