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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
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- 📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
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📅 Ends at 4:00 AM July 22 (UTC)
Analyst Explained: "Bitcoin Has Pulled Back, Now the Stage is Ethereum's! From Now On, Every Plummet in ETH is an Opportunity!"
Ethereum (ETH) has finally experienced the much-anticipated explosive rise. At this point, ETH has surpassed $3,000 for the first time since February, experiencing an increase of about 50 percent in the last month.
The rise in Ethereum has also energized altcoins, increasing the belief that the altcoin season has begun in the market.
At this point, Bitcoin has entered a consolidation phase after reaching its all-time high, while ETH is now taking the lead.
Every Drop in Ethereum is an Opportunity!
As Ethereum continues its rapid rise, popular analyst Michael van de Poppe argued that the momentum gained by Ethereum after testing multiple resistances could drive the price up to $4,000, last seen in December.
Additionally, Poppe stated that Ethereum is ready to rise to higher prices and that every subsequent drop is an opportunity to buy.
Poppe, in another post, pointed out that Ethereum has gained even more value against Bitcoin and that this is a sign that the next phase, namely the altcoin season, is about to begin.
The analyst emphasized that altcoins generally follow the trend of the altcoin leader Ethereum and that altcoins may soon initiate an explosive price movement.