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Looking back at the history of the crypto assets market, we can easily find some interesting patterns. Once, the eldest son of a well-known figure began to express bullish sentiment when the price of Ethereum was approaching $3800. However, as he continued to be optimistic, the market showed a falling trend. Interestingly, when the price dropped to around $2400, this "prophet" suddenly fell silent. Immediately after, the market continued to decline to $1350, suspected of completing a large-scale accumulation. After that, Ethereum demonstrated remarkable resilience, climbing all the way to a high of $4800.
From the initial bullish sentiment to the market bottom, Ethereum has experienced a decline of about 65%. But we must remember, this is Ethereum after all—the second largest crypto asset by market capitalization, second only to Bitcoin.
Now, there are positive news regarding Dogecoin and Litecoin in the market. However, what kind of market reaction could this bring? Personally, I feel that the situation may be more complex and volatile than Ethereum. After all, the market depth of these two Crypto Assets is far less than that of Ethereum, early investors have relatively more profit-taking positions, and there is a lack of widespread institutional investor support like that of Ethereum.
If a large-scale sell-off really occurs, the price fluctuations of these two coins may be more severe than Ethereum. Market participants should remain vigilant and manage risks effectively. In the crypto assets market, opportunities coexist with risks, and investors need to always keep a clear mind and make cautious decisions.