#About why ETH3550 switched to SOL this time? #
🕵️♂️🔍Some friends asked why?
I only operate in this section of 2200-2800-3200 range
Main viewpoint logic⬇️
1️⃣ETH's increase was the largest when BTC ETF passed. The core BTC ETF began to fall the next day after passing. According to this rule, ETH was predicted to pull back, but it was unexpected that it would fall directly to the weekly support of around 2200 with the black swan event
2️⃣I told you before that ETHETF will pass, but after BTC ETF passed, there was not much buying, that is, the market seemed to think that ETH was priced high
3️⃣From a technical perspective, I have always given a band strategy in the past, because considering that the best stage for bulls to rise again is always bad, it is not good to be born
4️⃣ETH chain situation, see GAs You can tell from the fee that almost all the ecological traffic is occupied by the more attractive SOL. The daily production speed of SOL ecological dog is higher than that of ETH chain
5️⃣ Long-term whales are not bullish, and most of them start to sell ETH near 4000 and switch to BTC
6️⃣ On July 25, ETH experienced weekly fluctuations. In this case, the market is at a relatively high level, so it is judged that there is a high probability of a fluctuation callback. At that time, the expectation was a 15% callback, and it was really unexpected that it was so deep.
7️⃣ ETHETF is a unilateral move. BTCETF rose by 20% through the previous unilateral move. BTCETF fell 8% the day before its listing. BTCETF officially went on the shelves and did not change. It rebounded 10% in the next few hours. The day after the ETF was listed, it began to callback 22%. 【刻舟求剑】
8️⃣SOL's expectations have begun, and its ETF will be hyped later. In the 4️⃣ quarter, my focus is on SOL. Its on-chain situation is active, and it maintains a strong range of technical consolidation. The market is also willing to buy it. There are also several local dogs that have exploded, which is one step ahead of ETH
Combining the above, the better choice is SOL. On April 17, I have announced that the biggest expectation in the second half of the year is to choose SOL and its ecological leader. At present, the choice is correct, and this switch of positions is also successful
But no matter what good business, it needs a good price to cut in
Patience to wait for SOL around 100
The above is just a personal opinion
Do your own research and thinking
