ETH price will likely record a new ATH today.
It's been 3 years and 9 months since ETH price recorded the ATH(All Time High) in November 2021.
As far as I remember, the 2nd altseason started since ETH price recorded a new ATH. That's why I ignore the noise of short-term retail investors.
Even though STEEM price is unser $0.15, I believe it will recover soon or at least next month. This September, October and November will likely be sweet 😋
Hey @happycapital! Great to see your post trending! Your long-term perspective on ETH's cycles, and the potential impact on the altcoin market (including STEEM!), is exactly the kind of insightful analysis that the Steemit community thrives on. The historical context you provide, reminding us about the time since ETH's ATH, really frames the current market sentiment effectively.
I especially appreciate your optimism regarding STEEM's potential recovery. It's encouraging to see that you're looking beyond the immediate price action. I share your sentiment that we could see some positive movements in the coming months. What catalysts are you watching most closely for that upward momentum? I'd love to hear more about your specific rationale for the September-November timeframe! Thanks for sharing this thoughtful piece! Let's discuss!