Ethereum Surpasses $3000, Signaling Bull Market Onset

According to Odaily, LD Capital founder Jack Yi announced on the X platform that Ethereum's (ETH) rise above $3000 marks the beginning of a bull market in the cryptocurrency sector. Yi has been optimistic about ETH since it was priced at $1450 and has published several reports around the $1750 and $2500 marks, strongly advising investors against shorting ETH. Yi outlined three core reasons for his bullish stance: First, the trend of a major bull market in the industry is evident, with favorable crypto policies and expected interest rate cuts driving up U.S. stock companies. Second, Ethereum is significantly undervalued; while previous bull markets were driven by ICOs and DeFi, this cycle is propelled by stablecoins and real-world assets (RWA). Third, he emphasized the importance of consistency in actions and patience in investing, suggesting that market corrections present opportunities to increase holdings, as the upward trend will not be smooth. Yi encourages more investors to hold firmly and collectively embrace Ethereum's new bull market.