The market has been up and down in the past two days, and there is no pattern to follow.
Many technical indicators show that Ethereum will be bearish if it falls below 3200, but it will rebound immediately after a slight touch. When you think it can hit 3700, it will directly start to pull back at 3650.
It looks like it is going to rise or fall, which looks very bluffing.
In fact, the market is a volatile market. When will it go in a direction? It may have to wait until tomorrow's PCE data. For ordinary investors, they should invest in the value coins that Green once told everyone at their own pace.
This round of bull market is very likely to be led by Ethereum.
With the passage of Ethereum spot ETF, the giant BlackRock may follow the operation of Bitcoin and buy a large amount of Ethereum. This will definitely happen, it's just a matter of time. Based on BlackRock's madness for Bitcoin, it is conceivable how much Ethereum will reach in this wave. Therefore, no matter what the cost of Ethereum in your hand is, as long as it is below 4000, it is worth holding for a long time. Don't worry about gains and losses and buy and sell frequently. The best way to operate this coin at present is to ignore the rise and fall and only buy but not sell.
A long time ago, BlackRock's IBIT fund size reached 16.5 billion US dollars, and Grayscale has continued to outflow 17.7 billion US dollars, making IBIT the world's largest Bitcoin ETF. In this volatile cycle, retail investors are continuously selling chips, while institutions are continuously buying. Of course, institutional buying does not mean that the market will not fall in the short term, but from a long-term perspective, it is actually difficult for retail investors to get on the bus after getting off.
Just like Sun Yuchen bought a large amount of Ethereum at around 3100, and Ethereum later fell to more than 2800, a group of people shouted that Sun Ge was a leek. The result is always slapped in the face.
So now institutional buying is the same, they see Ethereum and Bitcoin in the bull market. Market optimists predict that in this round of bull market, with the approval of Ethereum ETF, Wall Street capital will enter the market crazily, which may push Ethereum to a peak of 14,000 US dollars.
If this goal can be achieved, then Ethereum is now a bargain price. Once again, please hold it firmly.
