In the second half of the year, the market performance of Ethereum is highly anticipated. Ethereum, which has been suppressed by Bitcoin for a long time, seems to be about to turn around. In this round of market dynamics, Ethereum's presence is not strong, but long-term accumulation may indicate an upcoming outbreak.
The market expects that Ethereum's spot ETF is expected to be listed this summer, from July to September. The relevant plan passed recently has further promoted the listing of Ethereum ETF as soon as possible. Looking back at the price of Bitcoin ETF after it was passed, it rose straight from nearly $30,000 to nearly $70,000. It can be foreseen that if the Ethereum ETF is passed, the expected increase may be around 2 to 3 times.
Assuming that the Ethereum ETF is successfully listed, it is expected that the price of Ethereum will smoothly reach the previous high, which means that there is about 50% room for growth from the current price. Therefore, for investors who want to increase their positions in Ethereum in the near future, the current price is very cost-effective.
The recent pressure and support positions of Ethereum can be observed through the daily and 4-hour lines. The daily line of the previous day showed that Ethereum formed a full long K line. At the 4-hour level, the trend is similar to the market. Basically, it is a buy-in push after being supported at the bottom, and then encounters a short-side decline. This K-line combination constitutes a standard evening star pattern.
Similar to Bitcoin, Ethereum's previous 0.382 golden section, which is around $3,400, is an important support level at the daily level. When the trend reverses and the market continues to fall below new lows, the support level in front will become a resistance level. Therefore, the current $3,400 can be regarded as a resistance zone for Ethereum within the day. The support area below is located at the 0.236 golden section, which is around $3,200.
For intraday trading, you can consider opening a small position at $3,400, and try to go long on Ethereum with a small position around $3,100 to $3,200.
As for spot positions, you can buy Ethereum around $3,200, and around $2,800, which is a support level at the weekly level. If the market shows a price of Ethereum starting with $2, buy it with your eyes closed, and you may get a good increase by the end of the year.
#以太坊ETF批准预期 #以太坊ETF通过 #以太坊和美国证券交易SEC