Hope to see ETH rebound in the coming months
Today's drop was a spike in the market, with ETH stopping its decline 15 minutes before BTC, and then starting to rise. Large options traders are also establishing bullish positions for ETH in Q1 2025.
BTC.d formed a long upper shadow today, so we need to keep an eye on this indicator. Once the second peak of BTC.d is confirmed and starts to turn down, the altcoin season will arrive.
I am currently only looking at ETH, and just bought $15,000 at the bottom of 3420, with 10x long leverage. The reason is simple: ETH is the leader of altcoins, the second in the crypto world. If it doesn't have an ATH, the altcoin season won't happen, at most it will just be sector rotation.
History is always strikingly similar. We are less than 3 months away from the first sell-off in 2025, and ETH is likely to see a rebound. Now is the final grinding stage for ETH, don't give up. Looking back at the trend from January to May 2021, BTC fluctuated and hit new highs, and after several operations, everyone started to FOMO. Moreover, in March to May, when ETH rebounded, altcoins began to celebrate wildly, which eventually led to the huge drop on May 19.
If history repeats itself, we will likely see a market similar to March to May 2021 between January and March 2025. Be mindful of risks and remember to take profits.
Recently, I plan to ambush a potential coin that is ready for a huge surge; it is quite simple to double. At the same time, I am also looking for some potential coins to hold until the end of the year, with an expected space of over 10 times, which is not a problem. If you want to follow me, leave a message, follow, like, and join the gold group.
