LD Capital Founder James: The next target for ETH is the $5000 ATH. It is expected that the upcoming halving expectations will usher in the Season of Quality Altcoins.

BlockBeats News, August 9th, LD Capital founder E理华 (Chris Li) stated on social media that after ETH broke through the $4000 double top resistance level, the new target is to break through the new high of $5000 and catch up to BTC's exchange rate of $10,000. Of course, the uptrend will not go straight up. He emphasized sticking to the bull market trend, buy the dip strategy, and noted that the upcoming rate cut expectations will bring about the altcoin season.

Subsequently, Ethereum's rise touched $4200. E理华 (Chris Li) stated that this kind of performance is in line with the bull markets of 2017 and 2020. Only ETH can bring investors back to the bull market. Holding onto ETH and avoiding shorting it will not cause investors to miss this bull market cycle.