Ethereum has risen from over $2100 at the end of June to $4800 in mid-August, an increase of over 120%.

Isn't it time for it to take a break?

The fundamentals of this wave of ETH haven't changed much.

Except for a few companies suddenly emerging, like MicroStrategy, starting to buy up.

ETFs are also ramping up their purchases.

It's all driven by capital…

Of course, this is also a genuine demand-side trend leading to the price increase.

But now the price has risen to around $4800, which is close to the previous historical high.

Whether it's the need to sell off low-position profit chips in the short and medium term, or potential short bets on a pullback or even a mid-term trend reversal,

it actually requires time for consolidation and reallocation.

Next comes the moment of mutual recklessness between bulls and bears.

Changing the approach, it’s time for some fluctuations.

The upcoming period is a correction cycle of the same level that initiated the unilateral rise at the end of June.

Shouldn't it at least be given a month of fluctuation time?

So, for those who can't handle it, just lay flat and do nothing for a month.

For those who can, engage in some high selling and low buying during the fluctuations.

As for me, I’ll wait for it to fluctuate and see what kind of state it forms before placing my bets.

Wishing everyone profitable trades! 😉

ETH

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