Recently, there have been rumors in the Crypto Assets market that Ethereum (ETH) may break through the $5000 mark again in October. However, the credibility of this prediction is questionable.

Since April of this year, the market trend has experienced a considerable amount of time. The first quarter showed a downward trend, the second and third quarters maintained an upward trend, while the fourth quarter may exhibit a similar trend to the first quarter.

Currently, the market environment does not have the conditions to trigger a large-scale bull market. Despite favorable factors such as interest rate cuts, these factors do not appear to have the expected positive impact on the market. In fact, after the interest rate cut in September, the market continued to decline, raising doubts about whether the main players are using favorable news to unload.

Many investors believe that the main reason the bull market is still ongoing is that the rise of Ethereum is relatively low, suggesting there is still room for growth. However, market trends are not determined by personal feelings but by the operational laws of the market itself.

From the monthly chart, Ethereum failed to surge from $5000 to $7000 in one go, indicating a lack of upward momentum. Investors should remain rational and avoid overly optimistic expectations.

Based on the current market situation analysis, it is expected that the price of Ethereum may hover around 3500 USD by the end of this year. Investors should fully consider these factors and maintain a cautious attitude when formulating investment strategies.