The logic of ETH is very simple at present. 3700 is a core point. At present, the overall market is dominated by fluctuations. After the ETF is passed, some of the profit-taking needs to be consumed. Don’t think that the landing of good news is bad news. This is a long-term positive, which directly transforms Ethereum from a copycat to a regular army.
Yesterday, we made a layout at 3700, and the highest profit exceeded 70 points. If it falls back to around 3700 today, you can still continue to make a layout. Try to make a layout for the medium and long term. Short-term fluctuations are not important. From a medium and long-term perspective, these are all low positions. Ethereum’s independent narrative has just begun.
In addition to Ethereum itself, we can pay attention to the copycats of the Ethereum sector, such as ETHFI UNI, etc., which have all risen sharply today, so we can lay out some that have not yet made up for the rise, such as OP ARB ENA, etc. After the Ethereum ETF is passed, it will be a long-term positive for these currencies.
In addition, in terms of exchange rates, it is currently bullish. Ethereum is due to ETF Abandoned by the market in the early stage, the main force suffered terribly, and now it has finally found its place. The second half is dominated by Ethereum, so the exchange rate operation is to go long when it falls back, and see it above 0.06 first
In the short term, yesterday's long orders at 3700 have been closed with profits. If it falls back or stabilizes above 3700 today, continue to go long, and the target of 3850 remains unchanged
