Analyst: During the peak phase of a bull market, asset prices tend to remain in the "frenzy zone" (blue range) for a noticeable period

According to a report by Jinse Finance, a chart shared by @GertvanLagen shows that the Net Unrealized Profit/Loss (NUPL) indicator for long-term holders indicates Ethereum (ETH) has just entered the "Belief Zone" (green range). Historical data suggests that during the peak phase of a bull market, asset prices tend to remain in the "Euphoria Zone" (blue range) for a noticeable period. For Ethereum to reach this state, its price still needs to rise further. It is not unimaginable for Ethereum (ETH) to break through $10,000 or even $20,000…