So how much more can ETH rise?

If we look at the normal ratio, the current $BTC has already returned to the level of early February. If $ETH can also return to the early February level of $3,300, then based on the current price, ETH has an upward potential of $700.

Of course, this is not guaranteed and is still driven by liquidity and events. The premise is that there is no systemic risk in the U.S. stock market, and that both the U.S. stock market and BTC at least maintain a fluctuating upward trend rather than a decline, for ETH to have a chance to reach such a position.

If there is a systemic risk, such as an economic recession, then both BTC and ETH, whether it's the Nasdaq, S&P, or Russell 2000, are likely to retrace again.

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