Four hints that Ethereum is about to make a big move! Just recently...

1. Ethereum has not hit a new high this year

Since the beginning of this year, the price of Ethereum has not broken through a new high, which means that under the current market conditions, its price is in a relatively stable range and is a good entry opportunity.

2. Healthy pullback

As can be seen from the chart, Ethereum's latest pullback is very healthy, accurately hitting the 0.618 position of the Fibonacci retracement line and rebounding quickly. The overall market consensus on the price of Ethereum is very strong, showing investors' confidence in its future trend.

3. ETF expectations and market holdings

Although the approval of the Ethereum ETF has been delayed, the market's expectations for the final approval of the SEC are still high. At present, major investors are also increasing their holdings, including Justin Sun. From the last decline, Ethereum fell to $2,800 at its lowest, and there was no large-scale selling. The Mentougou incident affected Bitcoin, and Ethereum just followed the decline.

4. Short-term support position

In the short term, Ethereum at 2890 is the key point for the exchange of short-term resistance and support. Ethereum can be deployed below $3,000. After passing this position, it is very likely that a similar rebound as on May 20 will occur again.

In summary, Ethereum has shown strong potential and stability in the current market. Whether it is the callback of the technical chart, the strong market consensus, or the behavior of the main force to increase holdings, it shows that Ethereum is an investment target worthy of attention. Investors should seize the opportunity and are expected to get rich returns in future market fluctuations.

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