The entry logic of ETH yesterday was very clear. We maintained a bullish mindset before it fell below 3,000, and followed the trend when it broke through 3,140. Today, affected by the news of ETF, Ethereum directly surged by 20%. We can’t remember the last time it surged by 20%. Once again witnessing history, we also made a profit of more than 600 points. We received the money as soon as we woke up, feeling very happy. As long as you pay close attention to the daily analysis, it is an opportunity to make money. There is no reason to miss it.

At present, the rise of Ethereum has not stopped. It can be clearly seen from the figure that it has broken through the previous high of 3740. The bulls are too strong. This is what we call a short squeeze. Such a fierce increase in volume will not weaken before the ETF announces the results, so don’t go short against the trend. You can’t make money by shorting.

The exchange rate also rebounded directly from 0.045 to 0.053. Remember the strong and weak dividing point we mentioned before, 0.05. After breaking through the resistance, the current exchange rate continues to strengthen. The certainty of going long on the exchange rate is higher than that of simply going long on Ethereum. Ethereum is currently at the forefront. It is likely to follow the rise but not the fall, or even an independent trend. You can try to go long on the exchange rate directly.

After breaking through the previous high of 3730, we must pay attention to whether it is an effective breakthrough. If a resistance support swap can be formed, and there is enough demand to take over the upper selling pressure, then the next step is to go straight to 4000. The subsequent focus is on whether the retracement can be sustained. 3730, if the four-hour level can form a shock above, then 4000 is the next target