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Why do some say that $3,000 for Ethereum is just the appetizer of the bull market?
Speaking of which, projects like APT, ADA, and ENA are about to unlock large amounts, and the market will definitely go through a washout. But don’t just watch the excitement; the real backbone of the entire bull run still depends on Ethereum, this anchor of stability.
BTC is actually just a starter—each halving opens the door to a bull market, but to push the market to a climax, it always relies on Ethereum’s hardcore innovation to take over. The four-year bull cycle is like a natural law, but having only BTC isn’t enough. Without Ethereum’s explosive applications, altcoins simply have no room to jump.
Looking at the rhythm of the previous two bull markets makes this clear. In the first cycle, Ethereum used the ICO model to give ordinary people the power to create tokens freely, which was truly groundbreaking at the time. By the second cycle, Ethereum rolled out DeFi as a king’s move, followed by NFT and GameFi, pushing the entire bull market to its peak.
This cycle is even more interesting. Ethereum and Bitcoin both entered the ETF market, becoming mainstays in mainstream finance, and even a new tool for some countries to solve debt problems. Don’t underestimate ETF staking—it not only locks up massive liquidity but also makes big players on Wall Street start to aggressively increase their positions. From DeFi to RWA, the paths Ethereum is paving are definitely the main battlegrounds of the future.
Now, Ethereum stands at $3,000, and on the weekly chart, there are signs of a pullback. But do you really think this price level has fully digested all the benefits brought by ETF staking? That’s way too simplistic. The real show is just beginning.
Ethereum is only a little over ten years old, in its most energetic age, with huge room for future innovation. $3,000? That’s just the first step of the entire journey.