Yesterday, Ethereum experienced a sharp decline and rebounded quickly, showing a possible bottom signal. Since the decline from the high above 3,200 points, the downward trend line has been broken, and a bullish pattern of Yang Bao Yin is presented on the four-hour chart, showing the momentum of the breakthrough. This rapid recovery may indicate that the bulls are regaining strength.
After the price fell from the high of 4,000 points, the convergence range gradually narrowed. Considering the CPI data to be released tomorrow, a major market turning point seems to be imminent. Investors should now hold cheap positions in their hands and prepare for the breakthrough of the downward trend line and the oversold rebound.
Yesterday, the most significant rebound in the market was the MEME series of coins. In the last bull market, the performance of these currencies usually signaled the end of the market, but in the current cycle, it seems to be a signal of the start of the market.
STRK is about to usher in a round of unlocking. It is expected that after the release of CPI data, it may trigger a trend line breakthrough, and its pressure level is expected to be between 1.4 and 1.5.
ENA performed poorly yesterday, hitting a low of around 0.75, close to the previous low of 0.735. Before the new trend is confirmed, even if the project is of high quality, it is necessary to ensure the safety of the position and patiently wait for the market to reverse.
At the same time, the ARB project is also worth continued attention. The market we participated in last year has achieved the goal, and it took nearly half a year to build the bottom. Although there are rebound opportunities in the bear market, the weekly level has not shown a rebound since the decline from the high point. The market will always have a chance to rebound, so patient holding is the key.
Ethereum Classic (ETC) is about to be halved, which is an excellent time for speculation. Given that major ETC market players will not miss this event, it is necessary to intervene on dips, buy when there is a small drop, increase positions when there is a big drop, and hold until the halving to get good returns.
As more and more institutions reveal their Bitcoin ETF holdings, the layout of the RWA sector also needs to be closely watched. Notable projects include ONDO, MKR, CHR, UMA, POLYX, AAVE, COMP, SNX, RSR, etc.
Continue to hold positions patiently, and rebound is only a matter of time. Have confidence, we are in a bull market cycle, and compared with a bear market, there will be more opportunities for pull-ups and profits. Therefore, the adjustment period may not be too long, and the time for everyone to make arrangements is also limited. Don't miss the opportunity to enter the market at a low level!
