In the previous article, the hero mentioned the impact of Ethereum Shanghai upgrade, and believed that this upgrade is beneficial to the sustainability of Ethereum, and that Ethereum still has room for growth. At the same time, looking at the development of blockchain in recent years, the market value of Bitcoin has gradually shrunk, and the impact on the entire market has gradually decreased. On the other hand, Ethereum's ecology is becoming more and more prosperous, and its impact on the entire market is gradually increasing. Since the last bull market, projects in the ETH ecosystem have been the leading ones. Whether it is Defi, NFT or L2, they are all based on ETH. With the successful upgrade of Ethereum Shanghai, ETH has effectively broken through the pressure mark of 2000, and the entire cottage market has also started to make up for the rise. Among them, arb, the leader of the Ethereum L2 sector, has risen by 40%, and BLUR, the leader of the NFT trading platform that the hero has repeatedly mentioned, has also started to start, rising by 20% in two days.
Observing the market in the past two days, Bitcoin has not fluctuated much, but has continued to fluctuate upward. This is only because the successful upgrade of Ethereum Shanghai has set new highs, which has led to a rebound in some related projects. After the Ethereum Shanghai upgrade, the next Cancun upgrade will be on the agenda. With the gradual prosperity of the Ethereum ecosystem, the share of its ecological projects in the entire market has gradually increased, and its every move will have a greater impact on the entire market. For most of us, there may not be many people holding BTC, and most of them are Ethereum or other copycats.
But what I want to say is that the success of Ethereum Shanghai upgrade has indeed had a certain impact on the market in the short term. Many altcoins have rebounded, but you still need to be cautious about chasing highs. Holding altcoins in the early stage is an opportunity to take profits in batches. After all, the benefits of Ethereum Shanghai upgrade have been realized. There is no problem with long-term bullishness, but short-term risks are gradually increasing. In addition to the several projects mentioned in my previous articles, the L2 sector can continue to be paid attention to. DYDX is also a project in the L2 sector.
Audio is in an upward oscillation, with a pressure level of 0.4
Blur is a breakthrough rise at the daily level after the callback shock. It has risen by 20% so far, and there is still room for follow-up
link has been fluctuating sideways at the daily level for almost a year, and has now broken through the annual line. The key pressure level is around 9U
EOS has launched the EVM mainnet Beta version, which will achieve interoperability with the Ethereum ecosystem in the future. From the market point of view, the trend is fluctuating upward, but relatively weak. As a former star project, there is great uncertainty as to whether it can be revived. At present, the market focus is also concentrated on new and semi-new projects. Let's wait and see.
VGX has been mentioned many times in the community. Binance has been facing obstacles in its acquisition. It may be settled on the 18th. It has been fluctuating sideways in a narrow range. It can be played as a lottery coin. If the acquisition can have a result, it will double the market. If the situation is not right, run away quickly.
Bitcoin's role in the market now can be described as a black sheep. When it rises, it sucks the market's blood. When it plummets, it will bring down all the altcoins. Only the altcoins that honestly fluctuate sideways have a chance. Bitcoin is now in a narrow range of upward fluctuations, but every step above 30,000 is trembling. Now there is a top divergence at the 4-hour level, and the risk factor is rapidly increasing. As the hero has said many times before, the time for the altcoin to end its periodic rebound after the compensatory rise is gradually approaching. Bitcoin only needs to fluctuate for a period of time, and the altcoins continue to make up for the rise, and the market fomo sentiment rises, then the blockchain will kill people. Support level: 29,000 Pressure level: 31,000
After the successful upgrade in Shanghai, Ethereum broke through the pressure level of $2,000 and continued to strengthen. This is what the hero said is different from the previous upgrade. After this upgrade, although there will be a lot of previously staked Ethereum unlocked in the short term, in the long run, more ETH will choose to stake, and its on-chain staking rate will slowly increase, which is a long-term positive for Ethereum. Now Ethereum is in an accelerated rise stage Support level: 2040 Pressure level: 2300
