The recent trend has proven that ETH’s previous upward movement was a self-rescue trend in the market. It took advantage of this trend to short, and then burst in the subsequent downtrend. Despite exceeding expectations in the past, it still has not broken the previous high point. Now it has returned to the lower part of the range, indicating that ETH has been on a downhill path. Coins that have not experienced accumulation and positioning need not be too attached. It is clear that the strength of the ETH sector is still there.
The collapse of ETH will inevitably lead to a new currency advancing to the position of the second leader. Some say it will be BNB, but the platform coin trend has passed. This was a product of the incomplete platform in 2018. After the trend, there is no room for speculation in platform coins. It’s like being naked when you trade platform coins on someone else’s platform, as all the data is visible to everyone. Ultimately, this is equivalent to standing on the opposite side of the majority of people, with no real technological advantage.
In addition, the collapse will not come in the short term, at least it will take a few years.
How long after the halving will BTC start to surge:
1. Inductively, BTC usually starts to surge 3-5 months after the halving.
2. The second halving occurred on July 9, 2016, and the surge started 110 days after the halving.
3. The third halving occurred on May 11, 2020, and the surge started 163 days after the halving.
4. Based on the second and third halving, a surge in the bull market usually begins 3-5 months after the halving.
The most recent fourth halving will occur on April 20, 2024.
According to the previous deduction, the interval for the surge after the halving is from August 8, 2024, to September 30, 2024, which is 1.5-3 months from now. Considering the current sprint phenomenon, the timing may be advanced.
5 Cryptocurrencies that will increase 100 times in the 2024 bull market:
1. OP
2. TON
3. ENS
4. ARB
5. SOL
