ETH breaks through the 2600 mark!
ETH was affected by the recent on-chain meme explosion. After the completion of the Bullish bat pattern, it bottomed out and pulled up quite strongly. The target of the blue bat pattern remains unchanged.
ETH, when should you go all-in?
From the history of ETH, December is a magical month. Several absolute bottoms occurred in December, falling to 6U in December 2016, 80U in December 2018, 116U in December 2019, and 1150U in December 2022. From the perspective of the ETH/BTC exchange rate, the first two cycles bottomed out in December of the same year after breaking through the key horizontal support, and it has now broken through the key horizontal support.
Will history repeat itself? Will ETH bottom out in December? Watch out for December!
Next, we analyze from the perspective of cottage:
Judging from the fluctuations and declines of Bitcoin in the past few months, on the one hand, the capital itself needs to get low-priced chips and deliberately lower the price, and on the other hand, it is to get rid of lice, that is, the market value of cottages. By continuously raising the price, suppressing the price of Bitcoin, creating a bear market atmosphere, and forcibly smashing the cottage market.
In the past few months, the altcoins have been rising and falling, and the overall situation is a big drop, except for the relatively strong MEME coin. This kind of market-smashing and washing method has also occurred in previous bull markets, but it is usually short and rapid, not so slow. Looking at the overall position of the altcoins, the bottom W structure has been seen in the past two months, that is, it rises for a period of time and falls for a period of time, but most of the bottoms are constantly rising.
If you look at all the mainstream coins in the TOP500, what I can tell you is that even at the end of the year, there are still many that have not risen, but are still secretly accumulating funds and waiting for an outbreak.
Recently, the international situation has become increasingly severe, the confrontation on the Korean Peninsula has tended to escalate, and the conflict between Palestine and Israel has become increasingly severe, which will definitely have a catalytic effect on Xingheng's military industry sector.
According to the Eastern Theater Command in the morning, the People's Liberation Army launched a military exercise around Taiwan. This exercise is a strong deterrent to the "Taiwan independence" separatist forces and is a legitimate and necessary action to defend national sovereignty and maintain unity.
Spokesperson Li Xi said that ships and aircraft approached the Taiwan Island from multiple directions, and various military services conducted joint assaults, focusing on exercises such as sea and air combat readiness patrols, blockades of key ports and areas, strikes against the sea and land, and the seizure of comprehensive control. He did not disclose how long the military exercise would last.
When the big goose attacked the little black goose, it was a drill that turned into a formal attack. Now the countryside is all about returning forests to farmland. My parents' generation is convinced that war is about to start. As the saying goes, gold is in troubled times. Once a war breaks out, everyone will rush to grab something that preserves value, that is, gold. Bitcoin is also called digital gold. Once a war breaks out, cryptocurrency is undoubtedly the best and fastest way to transfer wealth overseas.
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#以太坊生态meme币 #Meme浪潮持续，你看好哪一个？
