$ETH Today, Dao Ge will teach you how to look at the Ethereum exchange rate, the ETH/BTC trading pair. As you can see from the literal meaning, Ethereum is equivalent to the price of Bitcoin, that is, how many Bitcoins are needed to buy one Ethereum. If this rises, it means that Ethereum has appreciated, and if it falls, it depreciates, which shows the strength of Ethereum.

Let's look at Figure 1. Today, the exchange rate rose by more than 1%. Bitcoin is smashing the market, but Ethereum is unwilling to do so. There is demand below, so there will be a situation where it falls less than Bitcoin and rises more than Bitcoin! Because of the positive support of spot ETFs, everyone is unwilling to hand over their chips, and smashing the market is useless.

In addition, from the perspective of Ethereum itself, there have been multiple closing rallies on the daily line, indicating that the demand below 3400 is sufficient. As long as the market stabilizes, Ethereum will inevitably take off.

In terms of operation, it is safest to continue to deploy spot goods. You can also try low-multiple mid-line contracts, with targets of 3650, 3850, and 4000, and see at the end of the month.

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