[Yi Lihua Suggests Building Positions in Ethereum Spot Price Range of $3000-$3300]
Liquid Capital founder Yi Lihua posted on the X platform, stating that he began building positions in Ethereum earlier this year when the price was around $1800. Subsequently, the price dropped to $1350, and he recommended building positions at the $1450 level. Later, he closed his positions near $4500, even though the price later rose to $4700. He emphasized that no one can precisely capture the lowest or highest points. This time, he suggests building positions in the spot price range of $3000-$3300 and advises against trading contracts due to the current uncertain market conditions.
He mentioned recent developments such as Japan's interest rate hike, the U.S. interest rate cut, the AI bubble, and the impact of the U.S. economy on U.S. stocks, which caused ETH to briefly drop below $3000. He stressed that the volatility in the spot market is already significant enough, and non-professional investors should avoid participating in contract trading.