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Details: ht
Recently, the Crypto Assets market has shown remarkable trends. According to reliable sources, large investors (commonly known as "Whales") have massively purchased approximately $1.73 billion worth of Ethereum in the past few days. This move has sparked widespread discussion and speculation in the market regarding the future trends of Ethereum.
Analysts believe that this wave of massive buying may indicate that Ethereum's potential in this bull market has not yet been fully realized. Although the current price of Ethereum has reached a high level, most experts believe that $4900 may not be its peak.
In the short term, the market may undergo a round of adjustment, with the expected adjustment range potentially causing prices to fall back to around $3500. However, this pullback is viewed as a healthy market behavior, paving the way for the next round of increase.
Looking ahead to the fourth quarter of 2023, many industry insiders are optimistic about Ethereum breaking the $5000 barrier. If this breakthrough can be achieved, Ethereum will once again set a new all-time high price record.
Interestingly, some extremely optimistic investors are even looking towards the distant future, anticipating that Ethereum may one day reach the milestone price of 10,000 dollars. Although this expectation seems ambitious, considering the high volatility of the crypto assets market and the widespread application of Ethereum in decentralized finance (DeFi), non-fungible tokens (NFTs), this goal is not entirely impossible.
In any case, investors should remain cautious when participating in crypto assets trading, fully aware of the high-risk characteristics of this market, manage risks properly, and invest rationally.