The big pancake has continuously cleared the leverage twice, forming a head-and-shoulders bottom in four hours, and the top keeps rising. It still looks like it wants to go up, but before it rises, we still need to guard against a downward spike that may induce a short squeeze.
In terms of Ethereum: Today, a partner at BlackRock tweeted: 'Focusing on investing in ETH and ETH-related ETFs, other ETFs are not a primary consideration in the short term, I believe the target of 10,000 for Ethereum will be realized soon.' Ethereum is still trading in a narrow range between 3900-3800, still consolidating without major fluctuations, but the consolidation time has basically been sufficient, and it is about to trend.
The daily and weekly major trends remain upward, and the hourly consolidation is about to end. Today is another day of increase, mainly bullish.
Will the market welcome a second wave of DeFi summer after Trump takes office?
After Trump is re-elected as President of the United States, the market generally believes that the U.S. government will adopt more lenient regulatory policies, especially in the DeFi sector. Yesterday, Old Chen said that most of the top DeFi projects in the market are built on the Ethereum ecosystem.
The co-development of Ethereum and DeFi.
-$UNI: As a representative of the automated market maker (AMM) model, the leading token in the DeFi market.
-$AAVE: Aave is the leading token in the decentralized lending protocol.
-$LDO: Leading token in the Ethereum staking sector.
-$ENA: The USDe protocol launched by Ethena Labs provides a stable synthetic dollar for the crypto market, the leading token in the DeFi stablecoin sector.
The rise of the RWA on-chain real asset projects.
-$Ondo: Focused on the tokenization of traditional financial assets, especially the on-chainization of treasury bonds, backed by BlackRock.
-$MKR: Uses the decentralized stablecoin DAI as collateral for RWA, combining DeFi gameplay.
-$PENDLE: This project provides a yield trading protocol and is an innovative model.
Recently, the AI Agent sector has performed particularly well in the altcoin market. Unlike the DeFi narrative in the last bull market, this bull market is likely to be led by AI Agents, a sector that cleverly integrates meme culture and technological applications. Recently, several AI Agent tokens have performed outstandingly, such as:
$griffain: Shining brightly in the Solana ecosystem, increasing 100 times in a week.
$virtual: Market capitalization has exceeded 2.4 billion dollars.
$ai16z: Market capitalization reached 1 billion dollars.
Sam Altman stated that artificial intelligence will create 'trillions of dollars' in market value.
Next year, OpenAI will vigorously enter the next generation of AI systems.
Google has also released Gemini 2.0, clearly positioned as 'AI model for the agentic era.'
They have also designated 2025 as the 'Year of the Agent,' because the fields involved with Agents, such as finance, payments, and data, are a perfect match with blockchain.
Recently, many friends have asked if LINK can still be chased. Today, I will have a good chat with everyone.
Currently, LINK's institutional cost price is around 11 dollars, while its market capitalization has soared to 18.1 billion dollars, and the current price is close to 30 dollars, almost tripling! As the 13th ranked token by market capitalization, LINK's performance is quite eye-catching. However, if you do not have low-cost positions, it is recommended not to chase the rise for now and to wait patiently.
In the market, breaking through whole number barriers is not an overnight matter. For example, ATOM and DOT struggled around the 10 dollar mark for a long time and never effectively broke through. Entering the market at such key positions may have some short-term upside, but once the market trend reverses, the risk of adjustment can be substantial.
Therefore, maintaining a wait-and-see approach to seek out high-quality targets that have not yet started, or those that have effectively broken through and stabilized in important ranges, may be a wiser choice.
