From the fundamentals, why $ETH will achieve a magnificent round of 📉📉📉 trend. Technically, it broke 3100 and continued to 👀🈳️2880-2980. First-line #大盘走势
The Fed postponed the interest rate cut, which made the entire crypto industry not very tight. In addition, $BTC encountered a four-year cycle adjustment. Due to the introduction of the spot mechanism, the probability of a sharp drop to 30,000-40,000 is not high, but the probability of 📉 to around 50,000 is still relatively high. In addition, it is unlikely that the POW mechanism will return to Ethereum, because after Ethereum switched to the POS mechanism, it has driven the development of the entire ecosystem. For example, there are currently 30 million Ethereums pledged in the verification nodes. In the pledge track, many projects rely on the Ethereum POS mechanism to survive. If the POS mechanism is changed back to the POW mechanism, then these 30 million coins or even more $ETH coins will be quickly thrown into the secondary market. By then, let alone Ethereum can be stable at $3,000, $1,000 is considered a high point. Therefore, Ethereum POS will definitely not switch to POW. In addition, the Uni swap platform coin has been listed as a security by the SEC. Usually, after being listed as a security, the coin will have a period of decline, like the previous BN platform coin BNB and Ripple coin XRP..., when Ripple coin XRP was listed as a security, the price fell rapidly for a period of time, and then after winning the judgment with the SEC, the price rebounded rapidly.
In addition, at 15:02 pm on April 12, 2024, China's capital market ushered in the third "National Nine Articles", which will bring the expectation of a bull market in the Chinese stock market for nearly ten years. Next week, the A-share market will violently rise, attack 3090, and even break through 3100 points. The risk of decline is about to be released. We have completed the layout of long options on forward stock indexes. Then, in the Asian session of Ethereum next week, the amount of capital is expected to weaken in promoting the rebound momentum, so we continue to hold the Ethereum 🈳️ head in the leverage layout.
From the technical form, this round of decline is expected to continue until around late May this year, so we continue to hold this round of 🈳️ orders steadily. Do you understand all this?