Recently, the Ethereum market trend has attracted attention. Looking back to June 21, there were analyses predicting that market makers might use geopolitical events to perform a whipsaw. Many investors were worried that Ethereum might fall back to the 1000 dollar level, but it turned out that the change in market trend was not that simple.

In fact, at that time the market was in the second phase of a major upward trend. Currently, we may be experiencing the third wave of rising. According to technical analysis and market sentiment, there are views that the final wave of this bull market could push Ether to around $5000, after which the end of the bull market may be forthcoming.

However, the cryptocurrency market is constantly changing, and investors should be cautious with any predictions and manage risks effectively. The future direction of the market needs to consider various factors, including but not limited to technological development, regulatory environment, and macroeconomics. Regardless, Ethereum, as the main platform for decentralized applications, has a long-term development outlook that is worth paying attention to.