Ethereum (ETH) is currently the second-ranked cryptocurrency by market capitalization, and its recent developments have attracted widespread market attention.

Market capitalization adjustments and capital flows:

As Bitcoin's (BTC) market share declines to 57%, ETH and other alternative coins are attracting more and more on-site capital. Although ETH continues to perform strongly in the short term, the exchange rate has yet to break through and stabilize above the 0.04 level.

Trading strategy adjustments:

Recently, we have observed that the long positions established near the price of $3640 for ETH have yielded approximately 270% in floating profits, but as the price rises, we encountered resistance near $3740. Therefore, we decided to adjust the originally set second take-profit level from $3780 to $3720 and plan to take profits on all positions at this level.

Support level analysis:

On a short-term basis, ETH is still considered a support area within the $3600 to $3640 range, while the $3550 to $3500 range can be seen as a more extreme support level. These support levels are crucial for formulating trading strategies and risk management.

Market sentiment and bull market predictions:

Current market sentiment is anticipating the arrival of a bull market, but there has not been a comprehensive rise in the market. Looking back at 2021, Bitcoin once surged to $64000 and then dropped by 60%, indicating the market's volatility. Therefore, investors should remain cautious regarding market fluctuations and uncertainties, avoiding blind following.

Focus on OTC market dynamics:

For predicting when the bull market will arrive, investors can pay attention to the trading situation in the OTC market. Typically, before a true bull market arrives, the trading activity in the OTC market decreases, sellers increase, and block trades diminish, while at this time, novice investors gradually enter the market.

Personal holdings and investment advice:

I have fully purchased $BTC , $ETH , and $SOL , setting target prices of $120000, $5000, and $300, respectively. For investors who want to learn more about cryptocurrency investment strategies and information, you can follow our channel to learn more useful information from the crypto space, and don't forget to like and share.

Other related topics:

In addition to ETH, we are also focusing on the new trends of XRP unlocking, the arrival of the Ethereum moment, the outlook for altcoin trends, and the performance of AI and GameFi markets.

Please note that the above information is for reference only.