There has been a lot of good news in the entire market recently, especially the Ethereum ETF, which has given the market a boost.
But there is another confusion facing everyone. After Ethereum goes online for trading on July 23, will it fall after all the good news is exhausted?
There is a possibility that this situation will occur.
But we need to determine this based on Ethereum’s growth trend before July 23rd.
If Ethereum surges to around 3,700, then there is a very high possibility that the positive news will turn into negative news after the ETF is passed.
It is recommended that everyone clear out the leveraged positions in their hands and continue to hold the long-term spot positions. After all, we will not sell Ethereum at 4000 or 6000. Our target profit position is 9000.
If the Ethereum market remains lukewarm, then you can take advantage of the Ethereum chips you have.
The probability of a downward trend after this is not high.
What should we do if the market moves abnormally and beyond common sense, and does not rise before passing but starts to fall after passing?
In fact, there is no need to worry. After the Bitcoin ETF was approved, it did fall in a short period of time. But if you extend the timeline, you will find that it will eventually rise.
The 4 best altcoins to buy right now with 100x potential!
1. OK
ONDO is more than just an attractive asset; it also serves as Ondo’s governance token, managing changes to Flux Finance. What sets Ondo apart is its utility and the growing interest in tokenization.
It represents more than just another token in the vast cryptocurrency market; it symbolizes the potential of decentralized finance (DeFi) to democratize financial products, bridge traditional and DeFi, and foster a more inclusive financial ecosystem.
As of now, the 24-hour trading volume is $1.62 billion and the market capitalization is $1.49 billion. The price of ONDO has increased by 9% in the past week. The 14-day RSI of Ondo Finance is 51.11, which shows that Ondo is currently in a neutral position.
2.STX
Stacks is a Bitcoin layer designed for smart contracts, allowing smart contracts and decentralized applications (dApps) to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. Currently, the market cap is $2.77 billion, down 0.79% in the past 24 hours.
However, Stacks’ price has surged 23% over the past week, driven by the continued expansion of its ecosystem and the growing number of applications built on its blockchain.
By combining smart contracts with Bitcoin’s secure framework, Stacks offers tremendous advantages, boosts investor confidence, and places $STX at the forefront of the cryptocurrency market.
3. GHOST
Aave continues to be a strong player in the cryptocurrency market, demonstrating great liquidity and long-term growth potential. The token has been attracting investor interest, as reflected in its huge market cap and endorsements from high-profile figures such as Mark Cuban.
Aave’s advanced lending technology has solidified its strong position in the DeFi space. Features such as flash loans and credit delegation set Aave apart from other DeFi protocols and make it a top choice for investors.
Currently, it is up 10% in the past seven days. The price is above the 50-day Simple Moving Average (SMA) at $91.85 but below the 200-day SMA at $100.20. Aave’s 14-day RSI is 60.04, which suggests a neutral position.
Aave’s community-driven governance and ability to quickly adapt to market demands have solidified its position as the premier DeFi protocol and contributed to its reputation as a top-performing crypto.
4.OP
Optimism enhances Ethereum’s scalability by leveraging Optimistic Rollups to achieve high throughput and cost-effective transactions. With a transaction rate of approximately 4,000 transactions per second (TPS), Optimism is a powerful solution.
The project has a large developer community, including 98 core developers. In March, $OP hit an all-time high of around $4.85, with a market cap of $2.04 billion.
With strong technical fundamentals and clear objectives, $OP is well positioned for the upcoming altcoin season. The current dip provides an attractive entry point for those interested in investing in innovative cryptocurrency solutions.
