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Recently, $ETH has been criticized a bit harshly. Next, I will comprehensively analyze the Ethereum strategy from various aspects:
Macroeconomic aspect:
ETF is still continuously inflowing. Although everything seems to be flourishing, for institutions and other large funds, if the market remains stagnant, it's highly likely that the main players will withdraw their funds since they won’t be able to make money. Once they withdraw, the market will fall and cause panic selling. However, this will also be a good opportunity for us to enter the market! After all, the situation for Bitcoin has already opened up, and a bull market is right in front of us!
Technical aspect:
Currently, an upward trend line is forming around 3070. The intraday support is effective. If it breaks down, we can gradually accumulate in the spot market, starting with a position around 3070, and then adding more in the 2900-2800 range (this position is the Fibonacci golden retracement zone for Ethereum's current rally). If it holds, we can continue to hold the position at 3070 and then observe the pressure at 3400 before deciding whether to take profits!
Currently, I feel that many established coins in the market are still quiet because the main funds are all in Bitcoin and the chaotic MeMe. Although MeMe is rising rapidly and the emotions are being stirred up significantly, if a community always develops around 'du', it will ultimately not work. In the end, it must return to fundamental value! So, I think it's good to play with MeMe; it would be foolish not to earn money when you have it. But we must also adopt a long-term mindset to position ourselves with some valuable coins and wait for the right moment!
Macroeconomic aspect:
ETF is still continuously inflowing. Although everything seems to be flourishing, for institutions and other large funds, if the market remains stagnant, it's highly likely that the main players will withdraw their funds since they won’t be able to make money. Once they withdraw, the market will fall and cause panic selling. However, this will also be a good opportunity for us to enter the market! After all, the situation for Bitcoin has already opened up, and a bull market is right in front of us!
Technical aspect:
Currently, an upward trend line is forming around 3070. The intraday support is effective. If it breaks down, we can gradually accumulate in the spot market, starting with a position around 3070, and then adding more in the 2900-2800 range (this position is the Fibonacci golden retracement zone for Ethereum's current rally). If it holds, we can continue to hold the position at 3070 and then observe the pressure at 3400 before deciding whether to take profits!
Currently, I feel that many established coins in the market are still quiet because the main funds are all in Bitcoin and the chaotic MeMe. Although MeMe is rising rapidly and the emotions are being stirred up significantly, if a community always develops around 'du', it will ultimately not work. In the end, it must return to fundamental value! So, I think it's good to play with MeMe; it would be foolish not to earn money when you have it. But we must also adopt a long-term mindset to position ourselves with some valuable coins and wait for the right moment!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
3,384.23
-0.43%
SOL
253.72
-0.16%
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