ETH is currently approaching a key resistance level of $2,690. If this area is broken, the price is expected to further rise to $2,800-$3,000. Multiple technical indicators show that ETH's short-term trend remains positive, especially against the backdrop of increasing trading volume, which generally indicates that upward momentum is accumulating. #ETH🔥🔥🔥🔥 • Relative Strength Index (RSI): The RSI is not currently in the overbought zone, suggesting that ETH still has room to rise. As long as the RSI is below 70 and maintains upward momentum, the probability of prices continuing to rise in the short term is high. • Growth in the DeFi and NFT fields: Ethereum's application in the DeFi and NFT fields continues to increase, driving up network activity and demand. The growing total value locked in DeFi (TVL) indicates that more funds are flowing into the Ethereum ecosystem, which will help drive ETH prices higher. • Whale holdings and on-chain activity: Recent on-chain data shows that large holders (whales) have not sold ETH on a large scale, but have a trend of continued accumulation. At the same time, the outflow of ETH from exchanges is greater than the inflow, indicating that the market demand for ETH is rising and the supply of ETH in circulation is decreasing, which provides support for prices. • Risk asset recovery: The global market sentiment towards risky assets has rebounded. As the Federal Reserve's monetary policy stabilizes, investors have shown more interest in high-risk assets including cryptocurrencies. As a mainstream crypto asset, ETH may benefit from this sentiment shift. • The long-term positive impact of the ETH 2.0 upgrade: Ethereum's merger and upgrade have shown significant technical improvements, and the network is more efficient and energy-saving, which has further attracted more investors and developers and enhanced the market's confidence in ETH's future growth.
In the short term, Ethereum is expected to rise further driven by technological breakthroughs, rising market demand and a favorable macro environment. Combining the analysis of on-chain data and market sentiment, ETH is likely to break through $2,750 in the short term, and even challenge $3,000. $ETH
The price of Ethereum ETH experienced a decline this morning, mainly due to the large-scale selling of their ETH by some large holders, "whales". This selling pressure stems from several key events:
1. Whale selling behavior: In the past 48 hours, large holders and institutions have sold more than $143 million of ETH, which has caused considerable downward pressure on the market. Some whales even transferred tens of thousands of ETH directly to exchanges for selling, and this large-scale selling behavior directly led to the decline in prices.
2. Large transfers and market sentiment: A huge transfer totaling 300,000 ETH also triggered a strong reaction from the market. This transfer is believed to be in preparation for further selling. The market reacted negatively to this, leading to a price decline.
Technically, Ethereum is currently in a downward trend and has fallen below the 200-day exponential moving average (EMA), approaching the key support level of $2,540. If this support level cannot be maintained, the price may fall further to the $2,300 level.
Overall, the current market sentiment is affected by large-scale selling and potential further selling pressure, and Ethereum may continue to face downward pressure in the short term. $ETH #巨鲸交易 #ETH暴跌
As I looked at the numbers on the screen, a sudden sense of irony came over me - if it weren't for my accidental discovery late this night, I wouldn't have even known I was ever so rich. 345,506 USDT, this cold number made me realize that I had such a huge wealth, but it all disappeared inadvertently.
Money in the trading market always exists in an illusory form. They’re numbers on a screen, balances in accounts, even a sense of paper victory. Because of this illusion, people often ignore their real existence. When these numbers keep increasing or decreasing, we tend to fall into a state of numbness, as if it's not money, but just points in a game. However, when they disappear, you realize that behind these numbers is real wealth.
At that moment, I suddenly understood that I had once been "so rich." What's funny is that this perception of "richness" only emerged after a loss. This makes people have to reflect on how negligent their attitude towards money is. Perhaps it was precisely because the true value of this wealth was forgotten in the transaction that it was so easily lost.
Despite Filecoin’s (FIL) recent decline, there are still some factors that support its bullish analysis:
1. **Storage Demand and Advancement of Filecoin Plus** - The long-term growth potential of the Filecoin network remains significant, especially against the backdrop of increased demand for decentralized storage. As more businesses and individuals become concerned about data privacy, the demand for decentralized storage solutions is expected to increase. The implementation of the Filecoin Plus plan further incentivizes reputable storage providers and improves the effective storage capacity of the network, which may lead to an increase in demand for FIL tokens.
2. **Network expansion and technology upgrade** - The Filecoin community and Protocol Labs team continue to work on network expansion and technical improvements. These technological advancements not only improve the stability of the network, but also enhance users' trust in the network, which may prompt more users and developers to participate, thus driving up the price of FIL.
3. **Potential integration of DeFi and NFT sectors** - As the DeFi and NFT markets recover, Filecoin’s decentralized storage capabilities may also find new application scenarios in these areas. For example, NFT projects have an increasing need for decentralized storage, and Filecoin can provide an ideal storage solution for these projects. As more projects adopt the Filecoin network, the demand and value of FIL may also rise.
4. **Technical Charts and Support Level Analysis** - From a technical perspective, FIL has recently shown strong support at multiple key support levels, demonstrating the market's strong willingness to buy the asset at low levels. This may indicate that FIL is expected to rebound into a new uptrend after a correction.