Recently, the Crypto Assets market experienced a pullback. Bitcoin's price fell below $115,000, hitting a new low in nearly half a month; Ether also failed to hold above the $3,700 mark. This trend inevitably raises concerns among investors, especially given Ether's history of repeatedly touching the $4,000 resistance level before retreating over the past two years, leading to doubts about whether this round of market conditions can achieve a breakthrough.



However, from an overall trend perspective, the current pullback is still within a reasonable range. The core driving force of this bull market comes from the influx of Wall Street funds, which is worth noting. Whether it is the Ethereum version of the 'MicroStrategy' plan, the development of stablecoins, or the promotion of the tokenization of real-world assets (RWA), all have brought substantial benefits to Ethereum.

Referencing the development history of Bitcoin, when MicroStrategy adopted a periodic investment strategy, there were also many doubts in the market. However, it has been proven that this strategy not only promoted a steady rise in Bitcoin's price but also provided strong buying support during the falling cycles. Currently, Ethereum seems to be undergoing a similar 'MicroStrategy' process.

It is worth noting that the recent rapid warming of the altcoin market may have led to a short-term demand for the defoaming of the US stock market. However, once the market digests this wave of increase, the true value of Ether is expected to be recognized again.

Overall, although the market may face volatility in the short term, the long-term prospects for the Crypto Assets market, especially the development of Ethereum, remain promising. Investors need to stay rational and focus on changes in the fundamentals rather than being overly concerned with short-term price fluctuations.
BTC-1.34%
ETH-4.01%
RWA2.03%
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
  • 8
  • Share
Comment
0/400
StealthDeployervip
· 2h ago
Haven't bought the dip for a long time.
View OriginalReply0
ChainSherlockGirlvip
· 5h ago
The fluctuation is just the prelude to getting liquidated. Give me back my coin.
View OriginalReply0
GasFeeCrybabyvip
· 08-01 09:47
get out of positions get out of positions Margin Replenishment opportunity has arrived
View OriginalReply0
wrekt_but_learningvip
· 08-01 09:47
Just throw money at it~
View OriginalReply0
AirdropSweaterFanvip
· 08-01 09:43
What should I do if I can't bite the dried small fish?
View OriginalReply0
ShamedApeSellervip
· 08-01 09:38
Cut Loss get lost
View OriginalReply0
NftPhilanthropistvip
· 08-01 09:33
ngl fam, this dip is just another chance to stack impact tokens while doing good
Reply0
ContractExplorervip
· 08-01 09:26
If it continues to fall, you can buy the dip.
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)