Crypto Scholar: Ethereum is about to welcome a new upward cycle on December 29! What is driving it?

　　Ethereum is currently priced at 3405, back at the top resistance level. The market has reached the downward pressure point, so set good stop-losses and defenses; the rest can be left to time. For those holding coins above 3300, pay attention to whether 3400 can hold. As long as it can't hold, you can take profits. Currently, we are looking at whether the short-term indicators can form a double top at 3410. If the double top fails, the main force will further stretch to hit the major resistance level at 3520, considered as the southward defense point. If it breaks, set a stop-loss. Regardless of the situation, safety comes first.
　　
　　The daily K-line has a high of 3412 and a low of 3320. Currently, it has broken the EMA60 trend line, with resistance turning into support at 3370. The major Fibonacci retracement level at 0.618 support at 3340 is effective. The EMA15 and 30 trend resistance levels are above 3500. The MACD has shown a continuous reduction in volume and a bottom divergence just formed. Both DIF and DEA have entered below the 0 axis line. The Bollinger Bands are pressing down, with the middle line resistance at 3613 and the lower line support at 3140.
　　
　　The four-hour K-line golden cross trend is formed. The K-line has broken the EMA30 trend line at 3390, and hitting EMA60 is just a matter of time. This position is not a southward entry point. Be steadier and continue to look up at the EMA90 and 120 trend resistance levels above 3510. The Bollinger Bands are contracting, with the upper line at 3480. Currently, this position is not suitable for chasing the rise. Aggressive traders can try southward entry at 3450, with a defense at 3520. If it breaks, look for an opportunity to exit. If it doesn't break, adjust the average price upward. For those holding coins on the northward trend, if a pullback does not break 3400, you can continue to hold and look for the previous high. Don’t think about taking profits at the highest point; only take profits at the pullback points to reduce the margin of error and stabilize returns.
　　
　　Short-term reference: Safety first. Remember, the market is never 100%, so always set good stop-losses. Safety comes first; small losses with big gains is the goal.
　　
　　Northward trial entry point at 3240 to 3200, with a defense at 3150 to 3100, stop-loss of 50 points, and target looking at 3300 to 3350. If broken, look at 3400 to 3450.
　　
　　Southward trial entry at 3450 to 3500, with a defense at 3550, stop-loss of 50 points, and target looking at 3400 to 3350. If broken, look at 3300.

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$ETH #以太坊行情分析 #ETH合约

The famous ETH/BTC long position holder James Fickel's year-long ETH/BTC long position has finally come to an end today:
Four hours ago, he sold 6429 ETH ($21.45M) for 227 WBTC, paying off all his WBTC debts.

He sustained a year-long ETH/BTC long position, incurring a loss of $68.84 million (20,632 ETH):
◎ In the first half of the year, he borrowed 2,987 WBTC through Aave at an exchange rate of 0.054 and sold it for 55,315 ETH to go long on the ETH/BTC exchange rate;
◎ Starting in August, he gradually sold ETH to buy back WBTC for repayment, spending a total of 75,947 ETH to buy back 2,987 WBTC at an exchange rate of 0.0393 for repayment;
◎ In the end, he incurred a loss of 20,632 ETH ($68.84M) on his long position in the ETH/BTC exchange rate.

The largest ETH/BTC long position has surrendered, is it time for Ethereum to pump? 😂

Address: 0xd85351181b3f264ee0fdfa94518464d7c3defada

Grayscale has filed an 8-K form with the U.S. Securities and Exchange Commission (SEC) regarding the Grayscale Horizen Trust (ZEN). According to the filing, the trust issued 3,565,200 shares to accredited investors in a private placement, equivalent to 304,034 ZEN tokens, with a total value of approximately $4,712,299. This move further demonstrates the confidence of institutional investors in the Horizen project and its ecosystem. It is worth noting that Horizen's ZEN token has just experienced its last halving recently, and a gradually reducing inflation model will be introduced in the future to inject new impetus into the token economy. Grayscale's layout provides investors with a convenient way to purchase or host ZEN without directly purchasing or hosting it, while injecting stronger capital support into the Horizen ecosystem.