$ETH Last year's upgrade directly halved from 4000
How can we play with 1800 this year?
In the first quarter of this year, ETH delivered the worst performance in nearly seven years, with a noticeable drop in on-chain activity, continuously declining transaction fees, and a significant reduction in token burn rates.
So who is still shouting to buy the dip on Ethereum?
This upgrade $ETH has two main focuses: First, the optimization of the staking mechanism, increasing the staking cap for individual validators by 64 times, reducing institutional costs and enhancing security.
Second, the improvement of Layer 2 data availability, which can lower costs, reduce fees, and benefit the development of the dApp ecosystem.
Although the upcoming Pectra upgrade is highly anticipated, whether this technological innovation can reverse the market still requires time to provide an answer.
There are still half a month left for the Ethereum upgrade, and the market is quite calm, but this is often the calm before the storm, and we cannot rule out the possibility that the main force may take advantage of this wave of enthusiasm to offload.
Point sharing:
Currently, Ethereum's small-level rebound pressure is around 1788.
If it stabilizes, the rebound will be stronger, with upper targets looking at 1856, 1898, and 1950.
It is not considered stable before 1788 stabilizes, with the final support for long positions at 1722; a break below could drop to 1670.
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