Looking at the dumping of $ETH in April this year, it fell to a low of 1385, at that time saying it was a Bear Market was not wrong. However, it later rose from 1385 to 4956, breaking the historical high. If we follow the logic of previous bull runs, when ETH fell to 1385, we could say this round of bull run ended, but in reality, it did not. However, the market trend during the two months after it fell to 1385 was definitely a Bear Market. So the current situation in the crypto world can also be viewed this way: after Wall Street funds got on board, the crypto world can no longer be viewed with the old perspective. Previously, many criticized ETH as garbage, yet later, ETH rose in a way that the vast majority did not expect. Just like now, many people criticize alts as garbage, perhaps later alts will also rise at a time that the vast majority do not expect. The only common point is that the vast majority are not on board.
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Looking at the dumping of $ETH in April this year, it fell to a low of 1385, at that time saying it was a Bear Market was not wrong. However, it later rose from 1385 to 4956, breaking the historical high. If we follow the logic of previous bull runs, when ETH fell to 1385, we could say this round of bull run ended, but in reality, it did not. However, the market trend during the two months after it fell to 1385 was definitely a Bear Market. So the current situation in the crypto world can also be viewed this way: after Wall Street funds got on board, the crypto world can no longer be viewed with the old perspective. Previously, many criticized ETH as garbage, yet later, ETH rose in a way that the vast majority did not expect. Just like now, many people criticize alts as garbage, perhaps later alts will also rise at a time that the vast majority do not expect. The only common point is that the vast majority are not on board.