The cryptocurrency market is at a critical moment, with Ethereum currently fluctuating between $4100 and $4200. The overall trend in August has shown an upward movement, but the current position may be nearing the end of this bull run.



From a technical perspective, Ethereum has rebounded from its previous decline and is likely to attempt to break through the 4800 USD level. If it successfully sets a new historical high, it will bring a strong emotional boost to the entire encryption currency market, especially having a more significant impact on small-cap tokens.

In such a market environment, investors can moderately focus on some small-cap tokens with greater potential. However, it is essential to keep in mind that in the later stages of a bull run, many small coins may take advantage of the upward momentum from Ethereum to complete their exit. Investors must remain vigilant and manage their risks appropriately.

Overall, the current market presents both opportunities and risks. Investors should remain vigilant about market risks while paying attention to potential opportunities, and maintain a rational investment attitude.
ETH0.01%
View Original
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
  • 5
  • Repost
  • Share
Comment
0/400
GateUser-2fce706cvip
· 2h ago
Sigh, everyone is waiting for 4800. I am too familiar with this situation from three years ago. This time, I have already gone all in on the small pancake.
View OriginalReply0
New_Ser_Ngmivip
· 23h ago
It's time to Be Played for Suckers again.
View OriginalReply0
LayerHoppervip
· 23h ago
Now is the time to enter a position. If you don't understand, don't ask.
View OriginalReply0
ChainWanderingPoetvip
· 23h ago
Ah, it's a good time to Be Played for Suckers again~
View OriginalReply0
TokenEconomistvip
· 23h ago
actually, the market dynamics here follow classical boom-bust cycles, just with higher velocity due to protocol emissions...
Reply0
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)