ETHFI
10.6M views
5,245 Discussing
Hot
Latest
See original
The market continues to push for new highs tonight while the altcoins continue to bleed 🩸🩸🩸. How should we layout next?
#BTC The big coin just broke the new high hitting 108300 and started to pull back. It's just in time as the US stock market opened low and continued to drop, and the market followed suit, hitting a low of 105670 before starting to rebound. 105000 here can also be considered a support level. If it breaks below here, it could drop to around 103200. In the short term, the big coin remains strong, with both lows being raised and highs also trending upwards.
#ETH The second coin also dropped with the big coin, hitting a low of 3913, and is currently rebounding to around 3930. There is still support around 3910. If you don't have a position, this is a good place to build a head position. If it drops further to around 3850, you can add another position. As long as it doesn't drop below 3800, don't stop loss; for profit, you can aim to break above 4100.
Forecasting the market trend for the next two days, there will be an interest rate cut at midnight on the 19th. If there is no rebound before the rate cut, there may be a rebound after the cut. First, the second coin needs to break above 4100, then the altcoins will rebound because they have been steadily declining for many days. The rate cut is favorable for a FOMO rebound, then around the 25th, it will slowly pull back and continue to decline towards the end of the month.
For those without positions in altcoins, you can build positions if they drop tonight. For those with positions that have dropped significantly, you can add a bit more.
If you don't have these two altcoins, you can also pick up a bit of spot. #ETHFI current price 2.65, #EIGEN current price 5.15. Start with a head position, and if it drops more, just add another bit. Once there's a rebound in the next few days, you can sell off.
Pay close attention to the Federal Reserve's interest rate decision at 3 AM on the 19th. Normally, barring any surprises, it should be a 25 basis point rate cut.
#BTC The big coin just broke the new high hitting 108300 and started to pull back. It's just in time as the US stock market opened low and continued to drop, and the market followed suit, hitting a low of 105670 before starting to rebound. 105000 here can also be considered a support level. If it breaks below here, it could drop to around 103200. In the short term, the big coin remains strong, with both lows being raised and highs also trending upwards.
#ETH The second coin also dropped with the big coin, hitting a low of 3913, and is currently rebounding to around 3930. There is still support around 3910. If you don't have a position, this is a good place to build a head position. If it drops further to around 3850, you can add another position. As long as it doesn't drop below 3800, don't stop loss; for profit, you can aim to break above 4100.
Forecasting the market trend for the next two days, there will be an interest rate cut at midnight on the 19th. If there is no rebound before the rate cut, there may be a rebound after the cut. First, the second coin needs to break above 4100, then the altcoins will rebound because they have been steadily declining for many days. The rate cut is favorable for a FOMO rebound, then around the 25th, it will slowly pull back and continue to decline towards the end of the month.
For those without positions in altcoins, you can build positions if they drop tonight. For those with positions that have dropped significantly, you can add a bit more.
If you don't have these two altcoins, you can also pick up a bit of spot. #ETHFI current price 2.65, #EIGEN current price 5.15. Start with a head position, and if it drops more, just add another bit. Once there's a rebound in the next few days, you can sell off.
Pay close attention to the Federal Reserve's interest rate decision at 3 AM on the 19th. Normally, barring any surprises, it should be a 25 basis point rate cut.
See original
$ETHFI
Ether.Fi has proposed a plan to allocate 5% of its protocol revenue for repurchasing its native token ETHFI and distributing it as rewards to ETHFI stakers. This initiative aims to 'enhance the utility of ETHFI, strengthen its market, and align user incentives with the growth of the Ether.Fi ecosystem.'
According to the proposal, this 5% revenue allocation is just a starting point and is initially only available to token holders who have staked ETHFI for at least one month. The proposal will be decided by token holder voting before the end of this week. Ether.Fi has already used part of its profits to repurchase tokens from its main liquidity pool (LP), indicating their desire to enhance the value of their tokens and create market stability.
Repurchasing tokens can reduce the number of tokens in circulation, which may increase demand and token value, potentially attracting more investors and long-term holders. Ether.Fi is clearly trying to demonstrate its commitment to enhancing the utility and market strength of ETHFI. Regular repurchases may help stabilize token prices by reducing supply and alleviating sell pressure, making the market more stable for ETHFI holders.
As a significant liquid staking protocol, Ether.Fi's total value locked (TVL) is approaching $10 billion. Since its launch in 2023, Ether.Fi has generated nearly $60 million in cumulative revenue from various sources, including fees. Ether.Fi generates significant revenue through its protocol fees and auxiliary products, including 'Liquid,' which is a treasury designed to maximize depositor returns through restaking and DeFi strategies. Liquid charges a management fee of 1-2% on all deposits, which will accumulate back to the Ether.Fi protocol.
#ETHFI
Ether.Fi has proposed a plan to allocate 5% of its protocol revenue for repurchasing its native token ETHFI and distributing it as rewards to ETHFI stakers. This initiative aims to 'enhance the utility of ETHFI, strengthen its market, and align user incentives with the growth of the Ether.Fi ecosystem.'
According to the proposal, this 5% revenue allocation is just a starting point and is initially only available to token holders who have staked ETHFI for at least one month. The proposal will be decided by token holder voting before the end of this week. Ether.Fi has already used part of its profits to repurchase tokens from its main liquidity pool (LP), indicating their desire to enhance the value of their tokens and create market stability.
Repurchasing tokens can reduce the number of tokens in circulation, which may increase demand and token value, potentially attracting more investors and long-term holders. Ether.Fi is clearly trying to demonstrate its commitment to enhancing the utility and market strength of ETHFI. Regular repurchases may help stabilize token prices by reducing supply and alleviating sell pressure, making the market more stable for ETHFI holders.
As a significant liquid staking protocol, Ether.Fi's total value locked (TVL) is approaching $10 billion. Since its launch in 2023, Ether.Fi has generated nearly $60 million in cumulative revenue from various sources, including fees. Ether.Fi generates significant revenue through its protocol fees and auxiliary products, including 'Liquid,' which is a treasury designed to maximize depositor returns through restaking and DeFi strategies. Liquid charges a management fee of 1-2% on all deposits, which will accumulate back to the Ether.Fi protocol.
#ETHFI
Yesterday I lost 50% of the profit i made i the past 4 days after x 6 times of my account. The lesson learned in trading was:
- I was too greedy and subjective to control the volum of an order
- I broke the rules to trade one pair for 3 times a day, usually I trade max twice a day
- I was unfocus when checking on the trend, it lead me to an failure that i was trapped bh the market #Futures_Trading
Today I will buy #ETHFI and sell #RUNE/USDT
$ETHFI $RUNE
- I was too greedy and subjective to control the volum of an order
- I broke the rules to trade one pair for 3 times a day, usually I trade max twice a day
- I was unfocus when checking on the trend, it lead me to an failure that i was trapped bh the market #Futures_Trading
Today I will buy #ETHFI and sell #RUNE/USDT
$ETHFI $RUNE
"Claim your Red Packet with code (SMRNVXAZ) and let the crypto magic unfold! 🎁
#binancelive #convert #Redpocket #ETHFI #BTC
#binancelive #convert #Redpocket #ETHFI #BTC