Analysis of popular tokens - ETHFI
What is the origin of ETHFI, which ranks first on the Binance increase list today?
Why did it surge by 30%?
[Project Introduction]
ETHFI is the leader of the Ethereum re-staking sector and the project with the highest TVL in the re-staking sector.
Users can stake ETH to obtain stable ETH income and Eigenlayer points, while keeping their private keys by themselves.
Current price: $4.36
Market value: $500 million
TVL: $4.07 billion
[Listed on exchanges]
Binance, OKX, Open Sesame
[Token empowerment]
The main function of ETHFI is to be used for platform governance, decision-making protocol upgrades, protocol fee adjustments, token distribution and other functions
[Comments]
ETHFI's rise today is mainly due to the strengthening of ETH driving the ETH ecosystem. ETHFI itself has no good news.
The reasons for the strengthening of ETH are as follows:
1. ETH ETF will be approved from May 23 to May 30, and the market began to hype in advance.
2. The giant whales on the chain frantically purchased ETH worth 1 billion US dollars. It is rumored that this address belongs to Justin Sun.
3. The schedule of ETH Prague upgrade is about to be determined.
ETHFI is currently highly linked to the trend of ETH and is one of the best projects in the ETH sector. If you are optimistic about the ETH sector, there is no problem in configuring ETHFI at a low point.
[Risk Warning]
We will analyze popular projects every day and grow and learn together, not to provide investment advice

Target: ena
Direction: long
Kaicang position: 0.86
Zhisun position: 0.8
Leverage: 12x
The best point is around 0.84-0.85, but it is estimated to be in the early morning

BTC almost fell below $62,000 yesterday, but it rebounded slightly. According to historical rules, ETH generally rises after halving and will be stronger than BTC. Last night's trend repeated history. This week, we mainly experienced the release of GDP and PCE data. There was panic after the data was released, and the market continued to fall after the release. Next week, we will enter the May Day holiday. While people in the cryptocurrency circle are traveling, two major events are intensively taking place. (1) The Federal Reserve will hold a monetary policy meeting. (2) The release of super heavy non-agricultural data. The worrying inflation data for three consecutive months shows that the Federal Reserve's pace of moving towards the 2% target has stagnated. The Federal Reserve will announce its interest rate decision on May 2, and Powell will give a speech after the meeting. Whether the cryptocurrency circle can reverse the downward trend depends on the non-agricultural data released on May 3! If the negative news is higher than expected, we still need to defend 62,000. If the positive news is lower than expected, it will challenge the previous high. If the profit and loss ratio is appropriate, if there is a big drop before the data is released, you can boldly copy it. Because this impact is asymmetric, don't hold all in, you can still buy when it falls.

Bitcoin limit long order entry: 61800~61500 Stop loss: 60000

Another hard blow to the fragile cryptocurrency market.
After the data was released, everyone was asked to reduce their positions to 30%.
The US stock market rebounded sharply, but BTC did not follow.
BlackRock, the big brother, has not purchased for several days, and ETF funds continue to flow out.
The liquidity of the cryptocurrency market is insufficient. According to our on-chain data observation,
only 1,000 BTC is needed to make a big hole.
Is there any hope next?
There is still hope. Let's see whether the heavy data in May can turn the tide:
- Non-agricultural data will be released on May 3
- CPI data will be released on May 15
As long as the May data shows that inflation has fallen,
then the cryptocurrency market will usher in vitality.
The fish body has been eaten, and there are still too many thorns in the fish tail,
which can easily hurt us.
It is a long-term thing to replace the old fish with new fish.
There is a big thunder before October:
Mentougou's compensation is about to expire,
the total amount is 80,000.
In the near future, it is still mainly based on shock callbacks to prevent BTC from falling to 60,000.
The risk is not big.
In case of a rebound, it will not be missed.

Again?! Do you know why Ethereum's decline is smaller than BTC? Because Justin Sun has made another move! Following our previous report that Justin Sun bought 200,000 ETH, Justin Sun has now transferred hundreds of millions of USDT to his Binance account. Sun has been a little crazy recently, buying more than 1 billion ETH, causing the exchange rate between Bitcoin and ETH to reverse. Now Ethereum's decline is smaller than BTC, because Sun and Wu Jihan and others are buying a lot, which is probably to prepare for the ETF hype on May 23, or the Ethereum Prague upgrade in late summer. All the chips sold by retail investors in panic were bought by him. This year is 2024 minus half a year, and May is coming soon. The big bull is not far away. Don't give up hope, don't sell your chips to Sun!

DOGE short-term long position
Strategy analyst: Captain Alex Dodd
Strategy validity period: 4-26 to 5-3
Recommendation index: three and a half stars
Feelings: A big dog four-hour repair market
Currency: DOGE contract
Direction: 5-6 times long
Opening position: 3%-4% principal (strictly implement position management)
Entry point: around 0.149-0.145, enter in batches
Stop loss: 0.138
Take profit: around 0.153/0.155/0.160, take profit in batches
(Operation points: Encryption is risky, strictly set stop loss when entering, and move the stop loss price up to the cost price after reaching the first take profit to protect profits)

#LSK hit the second target, and the third target was 0.0811 away. Congratulations to those who got on the bus and had some meat.

Currency: LSK
Price: Current price 1.79-1.73-1.68 (buy in batches)
Take profit: 1.92-2.04-2.2 (take profit in batches)
Type: Spot
Stop loss: Spot does not set stop loss for the time being
Period: 1-2 weeks

It started again. The missile attacked my account again and mainly hit ena.
Some underlying changes in the market are worth noting:
First, the points PUA is collapsing and will cause a series of chain reactions
Various points-taking methods in the re-staking track are collapsing, and using points PUA is becoming less and less popular, because some projects that have already listed coins are still adding more points, but the rules of these points can be constantly changed, but people have a limit to bear, such as Blast. I left immediately when the rules were changed and withdrew ETH
Some practices of projects such as Renzo in the past few days, as well as the reactions of some big players in the market, and the scattered information of the community on some re-staking projects, I strongly feel that it is also at that critical point, that is, a few people are beginning to wake up and wonder why they should participate. Some months of staking are not as good as 3 minutes of arbitrage. Some points rules are specifically designed to kill big players, etc. This may cause more people to leave at some point, which will trigger a series of reactions.
Imagine that a fanatical conference is being held somewhere. At the beginning, everyone is excited and blushing, ignoring all risks, and only seeing benefits. But suddenly some people started to lose money, some big investors were held down, and some people might flee from the venue. According to my understanding of the group, there might be a hidden danger that more people might flee at any time!
In fact, it is difficult for me to calculate the number of people who fled and the TVL, and even the extent of the escape, but the group is not standing under the dangerous wall, and there are many good projects in the market, so I will take the measures of clearing and reducing positions for some projects. The details are as follows:
First, my valuation of re-staking related projects will be reduced. People have reached the critical point of tolerance and give up accepting more PUA. This is a negative spiral, that is, lower TVL, lower valuation, lower price of points, etc. Refer to the trend of Blur Phase II.
And this will affect some projects. The most affected one may be Pendle, which is because of the points. Points are his lifeline. If you are optimistic that points will become the mainstream gameplay in the future and points are becoming more and more effective, then it is worth adding Pendle, but I think that with the issuance of tokens of large projects such as Eigenlayer (even the valuation may be lower than expected, which will have a huge impact).
Therefore, I decided to sell it at the bottom a few days ago. Unfortunately, I didn’t make much money - and if it wasn’t for the Renzo project, I wouldn’t have had the same feeling as this morning.
One feeling is that the market changes very quickly. A good project last week may feel risky this week. Just like before Rune was launched last week, the whole world thought it was a great opportunity to make a fortune. As a result, after it was launched, everyone was reset to zero: Rune was defeated and everyone was begging for food.
As for Ena, which I hold a large number of positions, its decline is relatively less affected by the points, but it will also be affected. One thing you need to know is that Ena’s rise is mainly in one situation, that is, a bull market. As long as the sentiment is strongly optimistic, it will rise positively. Once pessimism, shorts dominate the mainstream, business income decreases, people’s expectations are lowered, etc.

ETH
1. The daily level focuses on the flag-shaped rising pattern. The current performance (previous rise and large volume, current adjustment and shrinking volume) is consistent with the characteristics of the flag-shaped trend, but the formal opening of the bulls takes time, and there is sufficient room for later rises
2. The trend of the 4H line is similar to the trend in February and March this year in terms of indicators - the adjustment stage is between the short-term EMA moving average and the long-term EMA moving average. The bulls need to pay attention to the breakthrough of the key pressure range of 3250-3300
3. The macro level needs to pay attention to the US core PCE price index on Friday. If the data shows a decline and inflation eases, the June interest rate cut that has been repeatedly mentioned in the market recently is still theoretically possible. On the contrary, if there is no interest rate cut in June, the market may consider raising interest rates in the future.
4. The current price trend is mainly oscillating upward. If the market has not broken through the key pressure of 3250-3300, we still need to be vigilant about the possibility of a pullback. The overall trend is range oscillation and consolidation. Even so, in principle, we should maintain a low-multiple approach.
Trading ideas:
Intraday long orders: 3100-3150 to buy on dips, target 3200-3250-3300, contract trading stop loss can refer to 3050, leverage ratio keeps low multiples; spot trading does not set stop loss for the time being, if the price falls, you can take the approach of building positions in batches
Band long orders: those who already hold positions continue to hold, those who are short can pay attention to the opportunities of building positions in batches at 3100-3000-2900 in the future

Portal price is relatively low, it is also a blockchain game concept, a new currency concept! Spot 1.0/1.05

How did#BTC#ETH perform before the PCE data?
——Orca Market Data Report on April 24:
On-chain data shows that the power of the tray is steadily increasing, the selling pressure on the market is light, and the inflow of ETFs is gradually stabilizing.#BTC#ETH long and short energy is basically flat, and the downside risk is not great.#BTC#ETH contract holdings are steadily increasing, and there are no signs of lending rates and funding rates.
Short-term support level 65822
Short-term pressure level 67649
Medium-term support level 62774
Medium-term pressure level 68765

Daewoo: Runes Ten Rules
1. First time to connect the East and the West
Trading volume is mainly in unisat, foreigners have more fomo, and the Chinese area is temporarily in the BRC20 set of traumatic stress recovery period. But as the first ecosystem to connect the two sides, we must pay attention to it.
2. The craze will continue
BRC20 is a sudden accident, and runes is a long-planned joint force! Whether it is OKX wallet, unisat and related surrounding ecosystems, all parties and funds are well prepared.
3. Length is not a problem
For example, after SATOSHI·NAKAMOTO is listed, it is only displayed as satoshi. (Note: SATOSHINAKAMOTO is Satoshi Nakamoto)
4. The mint craze may be difficult to appear
After the inscription, people will be more inclined to catch the leader and play the leader, especially the first batch of people who dared to rush had been trapped in the inscription and cried. Therefore, the early projects in the rune will be very valuable.
5. 10 early runes
Rune 0 takes 4 years to complete, but you who see this post 4 years later will be a billionaire, so how can you have time to mint? Among runes 1-9, except for rune 6 satoshi and rune 7 meme, the others are 100% reserved by the project party, which is not fun and cannot be played. Compared with satoshi and meme, the former is much more attractive.
Therefore, there are not many runes that can be played in the early days.
6. Satoshi connotation
From the naming, satoshi is very special: whether it is the passage of Bitcoin ETF or the explosion of inscriptions, or people are grateful for Bitcoin's class change, as long as anyone in the currency circle will have special feelings for Satoshi Nakamoto. This is the first meme in the currency circle, but it has never appeared in the past.
Therefore, among the 10 early runes, only satoshi can be played, and there is a sense of fate.
7. Hidden dangers of satoshi
Who is the project owner of satoshi? Currently, many people claim to be, but the evidence on the chain has not yet appeared, and the project owner's pattern is unknown; it is unknown whether the reserved 20% tokens can be distributed elegantly, and if these problems are not solved, it may be difficult to go on Binance, and if it cannot go on Binance, there will be no good liquidity.
8. Data of satoshi
The average cost of a single piece is about 100-200u, that is, the unit price is 1-2u. A few experts wait until the gas is reduced later and the cost is only about 100, but considering that some people still waste it, some people pull 250+ gas, etc., the average price is more likely to be 2u.
Therefore, the gas consumption of the project is 20-40 million u, and the current number of holders is 19,862, which is phenomenal.
9. Way out for small funds
It is recommended to follow @rodarmor and @LeonidasNFT Twitter for small funds. It should be difficult to lose money if new things come out faster.But @zchrhrhr Jewish Director Zhao once said: "You can't plan a great thing. So I rarely rush into small projects.
10. Others
OKX's small trading volume is because it does not support bulk purchases. It is expected to usher in an increase after supporting bulk purchases.