$ETH In the cryptocurrency market, the name PlusToken has once again caused a stir. This former Ponzi scheme not only brought huge losses to many investors but also had a profound impact on the market. Recently, PlusToken-related addresses that had been dormant for a while suddenly became active, and the transfer of 7,000 ETH has drawn widespread attention from the market.

The shadow of PlusToken seems to loom over the market once again. Looking back, this platform used the guise of blockchain technology to attract a large number of investors by promising high returns. Reports indicate that the amount involved with PlusToken reached tens of billions of dollars, with victims spread across the globe. Chinese police seized nearly $4 billion in cryptocurrency, including BTC, ETH, DOGE, XRP, and others, during their crackdown.

Now, with the quiet transfer of 7,000 ETH, the market is beginning to worry about a potential large-scale sell-off. Some analysts point out that this may just be the tip of the iceberg, and more ETH may be sold in the future, potentially totaling $1.3 billion. Such news undoubtedly brings uncertainty to the market, and investors are starting to worry about the possibility of another crash.

However, some analysts argue that the selling pressure of ETH related to PlusToken is far below expectations, and most of the ETH has already been sold earlier. This may mean that the actual amount of PlusToken-related ETH available for sale in the market is much lower than previously reported, thereby reducing the impact on the market.

For investors, this is a reminder to closely monitor market dynamics and manage risks rationally. At the same time, this serves as a warning for increased regulation in the cryptocurrency market to prevent similar incidents from happening again. Despite the shadow cast by the PlusToken incident, the development of the cryptocurrency market remains full of potential, and investors should maintain rationality and invest cautiously.

Ethereum ($ETH ) is currently facing a fairly obvious resistance level, around $2820. In response to this resistance level, the market may exhibit the following two trends:

1. If the ETH price breaks through $2820 directly with a large bullish candle, and considering that recent short-term traders have already made some profits, this may trigger a large-scale sell-off. Therefore, if such a surge occurs, it would be a good opportunity for investors to reduce their positions.

2. If ETH experiences a pullback after breaking through $2820, this may indicate that the market is using time to exchange for space, in order to digest short-term chips and achieve a full turnover. Only after such an adjustment can the market potentially welcome more opportunities for upward movement.

Regardless of which trend the market takes, it is recommended that investors primarily adopt a long strategy at this time, avoiding short positions. This is because in the current market environment, going long carries lower risks compared to going short, and the potential returns may be higher. Investors should closely monitor ETH's performance around $2820 and flexibly adjust their trading strategies based on actual market movements.

Ethereum ($ETH ) recent price performance is indeed noteworthy, as it suddenly broke through the $2700 mark, ending a prolonged period of consolidation. This breakout is reflected on the weekly chart as a breach of a key resistance level, with the price approaching the critical EMA30 point of $2795. Currently, ETH's support is above the EMA15 support point of $2705, but to confirm whether it can solidify in the bottom support area, we need to observe the strength of today's price surge. If today's market can sustain the unilateral upward trend from last Monday, ETH may continue to remain strong this week. Conversely, if the price fails to continue rising, there may be a risk of liquidation this week, which investors need to watch closely.

Currently, ETH's price is $2740. As of 10 AM Beijing time, the daily K-line has risen to a higher position on the EMA trend indicator, standing above the EMA120 trend line at $2727. The MACD indicator shows that trading volume is increasing, but the DIF and DEA have not yet formed energy indicators, indicating that the bullish trend has not ended and may still continue to rise. The current high point has reached $2771, and short-term resistance shows that $2795 is a strong resistance point. If the price pulls back, attention should be paid to the 120 trend line and the resistance point of the upper Bollinger Band at $2761. The middle track is at $2510. The KDJ indicator is contracting at a high level, and the overall trend is currently in a high-level consolidation state.

In the short-term trend on the four-hour chart, ETH encountered resistance, and the support point of the EMA15 trend is still rising, having reached $2675. The MACD indicator shows a top divergence, with increased trading volume, and the DIF and DEA are expanding upwards. The upper Bollinger Band's resistance at $2730 has turned into support. The support of the middle track should focus on $2655. Overall, the four-hour level trend has experienced two jumps and is currently in the third jump. Whether ETH can continue this trend and achieve further gains still requires observing the strength of the pullback support. In terms of strategy, it is recommended to attempt short positions at key resistance points while positioning for long at support levels.

Dear investors, please pay attention!

Currently, the price of Ethereum $ETH is not declining as smoothly as expected, and the intraday pullback may take some time. Here are the key points we need to focus on next:

1. We have just completed a closing operation, with an average price of $2750, but this position is not particularly ideal, so we must remain vigilant and wait for further market movements.

2. At the price of $2718, we can consider reducing our position by half and setting a trailing stop loss at the cost price. This is because there is still a support level below that needs to be tested. From the timeline perspective, there may be further declines in the afternoon. If the market can reasonably break below this level, the next point of interest is $2683.

3. Trading is always accompanied by many uncertainties. I will continue to monitor market dynamics and notify everyone promptly of any changes.

Please remember that the market is constantly changing, and we need to be ready to adjust our strategies to respond to these changes. Let us pay attention to the market developments together and make wise trading decisions.

This morning, the price of Ethereum ($ETH ) surged to $2770, undoubtedly bringing a wave of excitement to the market. Reflecting on the period of low ETH prices, the current growth certainly brings comfort to many investors. Here, I would like to share a few thoughts on this phenomenon.

1. The strategy of buying at low prices has been validated
I mentioned earlier that investing when ETH prices are low is a wise choice. The current price increase proves the correctness of this strategy; the market always rewards those investors who dare to invest during downturns. Now, more and more people are beginning to recognize Ethereum's tremendous potential.

2. Positive shift in market sentiment
As the ETH price rises, market sentiment has also positively changed; the previous panic is gradually fading, replaced by an optimistic attitude. This is a natural market response, and those who sold during the downturn may now want to chase the rise. However, I always remind myself that investment decisions should be based on rational analysis, not emotional fluctuations.

3. Positive impact of ETH2.0 upgrade
The ongoing advancement of ETH2.0 is one of the key factors driving this price increase. With the upgrade, improvements in Ethereum's performance and sustainability have attracted more attention and capital inflow. The long-term development prospects of Ethereum remain promising, making it an asset worth holding for long-term investors.

Overall, the rise in ETH prices not only reflects a shift in market sentiment but also demonstrates its strong fundamentals. Investors should remain calm in the face of market fluctuations and make decisions based on facts and analysis.

The price fluctuation range of Ethereum ($ETH ) can be observed from the currently visible 0 to 5000 points, with 2500 points as the central price point. According to the principle of 'third time's the charm', we can temporarily define the large fluctuation range between 2200 points and 2800 points. Currently, the price trend of Ethereum is based on a fluctuating upward movement around 2500 points, having risen 250 points to 2750 points. At this price level, whether going long or short in the short term, the potential profit space is relatively limited.

If Ethereum can break through the current fluctuation range in a short time and stabilize around 2850 points, then the large fluctuation range may shift upwards to 2500 points to 3100 points. In this case, it is recommended that investors consider medium-term positioning, as short-term trading often carries higher risks, and based on experience, in short-term trading, nine out of ten times may result in losses, while one time may require holding a position.

Overall, the price trend of Ethereum needs to be closely monitored, especially the key support and resistance levels. Investors should adjust their trading strategies according to the actual dynamics of the market while paying attention to risk management to avoid unnecessary losses due to short-term trading.

Ethereum ($ETH ) is facing a critical ten-day window that will be an important moment in determining its future trend.

First, if Ethereum's price can rebound to the level of $2900 during this period, it will achieve a golden cross on both the weekly and monthly charts, which will be a positive signal indicating that the market trend may be turning upward. A golden cross is typically seen as a buy signal, as it marks the short-term moving average crossing above the long-term moving average, suggesting that prices may rise further.

However, if Ethereum's price fails to reclaim $2900, then the death cross pattern on the weekly and monthly charts will persist. A death cross is generally viewed as a sell signal, as it indicates that the short-term moving average is crossing below the long-term moving average, suggesting that prices may decline further. In this case, investors may need to exercise caution, avoiding heavy positions and only considering rebound trades when prices are oversold.

Overall, the next ten days are crucial for Ethereum. If it can successfully reclaim $2900, the market may welcome an upward trend. But if this goal is not achieved, investors may need to be more cautious and avoid large-scale investments in an uncertain market environment.

The daily chart analysis of Ethereum ($ETH ) reveals the following technical characteristics:

1. Chart Pattern Analysis:
- Double Bottom Pattern: The current price trend in the market suggests a potential formation of a double bottom pattern, which is often seen as a possible market reversal signal.
- Support Area: There is significant support near the $2,111 level, which has previously served as a starting point for rebounds.
- Resistance Area: Resistance levels above are approximately around $2,740 and $2,900, with previous highs potentially becoming obstacles for price increases.

2. Technical Indicator Analysis:
- Moving Averages (MA): The short-term MA (7-day) and MA (25-day) moving averages are beginning to show an upward trend, and the price is expected to break through the long-term MA (99-day) moving average (current price is close to MA (99)).
- Moving Average Convergence Divergence (MACD): The DIF line and DEA line in the MACD indicator show signs of a golden cross near the zero axis, while the green histogram is beginning to shorten, which may indicate an upcoming price rise.
- Relative Strength Index (RSI): The RSI value is approximately 81.94, indicating that the market is currently in an overbought state, which may suggest a risk of a pullback in the short term.

3. Price Target Forecast:
- Short-term Price Target: It is expected to be between $2,900 and $3,000, as this area is a previous high point that may exert pressure on the price.
- Mid-term Price Target: If the price can break through the aforementioned resistance area, it may challenge the price range of $3,386 to $4,070.

4. Take Profit and Stop Loss Strategy:
- Take Profit Level: Based on the aforementioned price targets, consider setting take profit points in the price range of $2,900 to $3,000.

According to the latest trend analysis chart, Ethereum ($ETH ) is currently fluctuating within a triangular area between $2820 and $2430. During the evening trading session, investors should closely monitor the price pressure near the previous high of $2820. It is recommended to consider establishing a short position when the price rebounds to the range of $2780 to $2750; if the price breaks through this range, it may be necessary to reassess the short strategy near $2820. Meanwhile, attention should be paid to the support level around $2580; it is advised to directly establish a long position when the price retraces to the range of $2550 to $2580 without breaking the support level. If the price breaks below, it may be necessary to reconsider going long near $2430.

From a technical analysis perspective, Ethereum's 2-hour candlestick chart showed a downward-inverted doji during the morning session. From a larger time frame perspective, the current trend is leaning bearish, with the price having dropped 50 points. The opening of the Bollinger Bands has retreated below the upper band, with pressure forming around $2760. Additionally, both the 3-hour and 4-hour TD sequence indicators have shown a green 9 at the top, indicating bearish signals, and both have broken below the upper band, fluctuating within the middle-upper band range. After experiencing a one-sided rise, investors may consider seizing profit opportunities brought by the retracement. The evening trading suggestion is primarily to short on high rebounds.

The price of Ethereum ($ETH ) has seen a significant increase recently, with a rise of 3.89%, breaking through the $2700 mark overnight, ending an 11-week period of consolidation. This crucial breakout may indicate that Ethereum is about to achieve a major increase, potentially driving its price to a high of $3000. This price breakthrough indicates that buying power has successfully surpassed critical resistance levels, combined with large market players actively accumulating Ethereum, making the upward momentum particularly strong.

Does this Ethereum breakout signal an impending market rebound? Since early August, the price of Ethereum has been fluctuating between $2200 and a certain resistance level, forming a symmetrical triangle pattern. This pattern usually suggests that the market is accumulating energy in preparation for the next move. Now, with Ethereum's price breaking through the upper trend line, it seems that buyers have begun to gain an advantage.

As the trend of an 'October rally' spreads in the cryptocurrency market, Ethereum's price has risen from $2328 to $2700, an increase of nearly 17%. The price even touched the upper band of the Bollinger Bands, indicating a positive market outlook with buyers controlling the market. If this upward momentum can be sustained, then after the rebound, Ethereum's price is expected to reach $3375, which would mean a price increase of 26.5%.

In the current cryptocurrency market, the $APE token has attracted attention due to its association with Meme coins. Although the price of APE has fallen from its initial high, it still maintains a certain market activity and community support. Major manufacturers use Meme coins to increase the value of their own tokens, and the price of APE tokens has also risen to more than $1. In the primary market, the liquidity on the APE chain has reached 3.5 million, and more than 2.4 million projects have been launched. Compared with the recently popular Sui chain, APE shows considerable potential.

Although mainstream wallets have not yet fully supported APE, resulting in many users not participating in it, this also leaves room for APE's future growth. Therefore, it can be foreseen that with the participation of more users and the improvement of market awareness, APE tokens may still usher in a good upward trend. However, when considering buying APE tokens, investors should take into account the risk of market fluctuations and do corresponding risk management.

It is worth noting that the value of APE tokens does not only rely on market hype, but is also closely related to the development of the NFT track. Although the NFT market has experienced a period of cooling, if the NFT market turns around, APE tokens may benefit from their application in this field. In addition, with the release of global liquidity, asset prices including gold, silver and Bitcoin are rising, which may bring spillover effects to the cryptocurrency market, especially altcoins like APE.

In summary, the future performance of APE tokens will depend on a variety of factors, including its application in the NFT track, market sentiment, technological development and the macroeconomic environment. Investors should consider these factors comprehensively and be cautious when making investment decisions.

The market performance of $APE token is indeed eye-catching, with the price doubling, allowing many investors to make a lot of money. This significant growth is mainly due to the APE token launching its own blockchain technology - the APE Chain, which not only enhances its intrinsic value, but the APE token is also used as a gas fee for transactions on the chain, This bodes well for continued growth in value.
Although some investors may not have reacted quickly enough to this change, this development has attracted widespread market attention. In fact, the news that APE token plans to develop into a public chain has been disclosed a few months ago. With OKX also expected to support the APE chain, this will enable the APE chain to seamlessly connect with OKX’s Web3 wallet, which is undoubtedly a major piece of good news.

Opportunities for the development of public chains still exist, and investors should seize the opportunity and actively participate in it. In the context of the current global flood, the release of liquidity has driven the rise of gold and silver, and Bitcoin has also continued to rise. Next, Bitcoin liquidity will spill over to altcoins, which is currently the last calm before the storm. Many altcoin projects will take off soon, and institutions have increased their positions by 100,000 Bitcoins from June to now.

Investors' strategy can be to increase their Bitcoin positions with low leverage. When the bull market comes, all short sellers, highly leveraged players, and swing players will be killed. In the end, these short sellers will miss the sharp rise stage, and finally short out in retaliation until they lose all their chips. Therefore, the best strategy for the bull market is low leverage plus compound interest.

Coin $APE has become the focus of the market, with its price showing a significant increase on the daily chart, bringing early investors considerable gains. However, the current pursuit of gains may face the risk of a Bitcoin price correction. Judging from the weekly chart, APE currency is close to the key resistance level of around $1.35, and the technical indicators on the weekly chart still show a bearish trend.
For those investors who firmly believe that a bull market is coming and intend to hold the spot for a long time, buying now may not hurt. However, for those investors who plan to go long directly, it is recommended to think twice before making a decision. If you are optimistic about the long-term prospects of APE Coin, you can wait until the price pulls back to around $0.88 before considering buying. Even if APE currency breaks through the weekly pressure level, there may be a correction in the market outlook, so investors do not have to rush when buying.

In general, although APE Coin’s performance today is impressive, investors should remain cautious when operating, pay close attention to market dynamics, and make wise decisions based on their own risk tolerance and investment strategies.

Today, the $APE token market performed strongly, with the price doubling, bringing huge profits to many investors. This significant growth is mainly due to the APE token launching its own blockchain technology - the APE Chain, which not only enhances its intrinsic value, but the APE token is also used as a gas fee for transactions on the chain, This bodes well for continued growth in value. Although some investors may not have reacted quickly enough to this change, this development has attracted widespread market attention.

In fact, the news that APE token plans to develop into a public chain has been disclosed a few months ago. With OKX also expected to support the APE chain, this will enable the APE chain to seamlessly connect with OKX’s Web3 wallet, which is undoubtedly a major piece of good news. Opportunities for the development of public chains still exist, and investors should seize the opportunity and actively participate in it.

In the context of the current global flood, the release of liquidity has driven the rise of gold and silver, and Bitcoin has also continued to rise. Next, Bitcoin liquidity will spill over to altcoins, which is currently the last calm before the storm. Many altcoin projects will take off soon, and institutions have increased their positions by 100,000 Bitcoins from June to now. Investors' strategy can be to increase their Bitcoin positions with low leverage. When the bull market comes, all short sellers, highly leveraged players, and swing players will be killed. In the end, these short sellers will miss the sharp rise stage, and finally short out in retaliation until they lose all their chips. Therefore, the best strategy for the bull market is low leverage plus compound interest.

Recently, the market performance of $APE tokens has been very impressive, and its value has doubled, allowing many investors to obtain generous returns.
This significant growth is mainly due to the APE token launching its own blockchain technology - the APE Chain, which not only enhances its intrinsic value, but the APE token is also used as a gas fee for transactions on the chain, This bodes well for continued growth in value.
Although some investors may not have reacted quickly enough to this change, this development has attracted widespread market attention.
In fact, the news that the APE token plans to develop into a public chain has been disclosed a few months ago, and the OKX exchange is expected to support the APE chain soon, which will enable the APE chain to seamlessly connect with OKX’s Web3 wallet. , this is undoubtedly a major good news.
Opportunities for the development of public chains still exist, and investors should seize the opportunity and actively participate in it.

$APE The project party continued to sell from 2021 to 2023, and did not start accumulating chips until the second quarter of 2024. Although this behavior is not uncommon in the market, it does have an impact on investor confidence. However, once the project party begins to actively intervene in the market, its strength in pulling the market is often not to be underestimated. At present, with the increase in trading volume, the market seems to have become active, which may indicate that the project party has started a new round of market operations. For the future market trend, it is a reasonable choice to remain optimistic and continue to be bullish. Investors should pay close attention to market dynamics, allocate funds reasonably, and do a good job of risk management in order to gain benefits in a volatile market.
In particular, the APE project party began to absorb funds in the second quarter of 2024, which indicates that the project party may be preparing for future market actions. And today's increase in volume may be a signal that the project party has officially launched the market. In this case, it makes sense to be optimistic about the subsequent market and continue to be bullish. At the same time, since the actions of the APE project party are often more aggressive, it is necessary to be more cautious when investing to avoid unnecessary losses due to market fluctuations.

In the cryptocurrency market, the $APE project party continued to sell from 2021 to 2023, and did not start accumulating chips until the second quarter of 2024. Although this behavior is not uncommon in the market, it does have an impact on investor confidence. However, once the project party begins to actively intervene in the market, its strength in pulling the market is often not to be underestimated. At present, with the increase in trading volume, the market seems to have become active, which may indicate that the project party has started a new round of market operations. For the future market trend, it is a reasonable choice to remain optimistic and continue to be bullish. Investors should pay close attention to market dynamics, allocate funds reasonably, and do a good job of risk management in order to gain benefits in a volatile market.

Since the market dynamics over the weekend were relatively flat with few significant moves, the short position we established on Friday night remains unchanged. The slow movement of the market is indeed frustrating, but we need to remain patient.

In terms of $BTC Bitcoin, we once again recommended a short strategy on Friday. Once the direction is determined, there is no need to hesitate too much and act directly. The target price is 65,000 points.

It is obvious that the market is still in a weak state, and the Bitcoin price seems to be unable to cope with the impact of 69,000 points, and it has never been able to stabilize above this level. Although there was a breakout on Friday, it failed to sustain and prices subsequently fell back. On the 4-hour chart, the price continues to run below the 50-day moving average, and the K-line chart once again shows signs of being suppressed. Therefore, below 69,000, one can safely continue to hold short positions.

I still remember the bitterness of missing out on 10,000 $BNB . In the early days of Binance's BNB ICO, I was lucky enough to get these 10,000 BNB at the price of 0.5 BTC. However, due to poor market performance, I had to sell them at a price of 0.46 BTC a month later. This may be a trick of fate.
In today's cryptocurrency market, it is no longer the era when you can easily get a hundredfold return. Many times, even if you choose the right currency, you may not be able to wait until the day when its value soars. What's more, without in-depth research and rich experience, you may have exhausted your initial capital without knowing it! Many people are eager to get rich quickly, but often end up with zero funds. Remember that being down-to-earth is the key to success.
Instead of fantasizing about getting rich overnight, it is better to invest 20% of your salary in spot every month and focus on the long-term future. Especially in the early stages of a bull market, reasonable planning of small funds may bring unexpected gains. The fastest way to financial freedom is to accumulate gradually, starting with doubling your capital and then moving forward steadily.
As for contract trading, it is best to keep your distance. Although leverage can increase profits, it can also increase losses. Large fluctuations in funds may make you lose confidence in the violent market fluctuations even when you are most confident.

Huge amounts of money can now be considered for buying $BNB , which has shown strong market stability and is almost impossible to experience a price crash. $BNB has great potential and may even surpass Ethereum in the future and become a dark horse in the current market.
Even small investors can consider investing in Encoin moderately to make a small investment in a big venture.