Here we focus on the analysis of Ethereum. This morning, Ethereum is different from Bitcoin, as it has been continuously catching up. It is evident that this wave of catch-up is within a controllable space, because old friends know that Bitcoin breaking 100,000 is normal; the price should be around 3,500. However, Ethereum is currently around 2,230, which clearly does not align with normal fluctuations. Therefore, it follows Bitcoin northward without any room for correction, and the current price comparison is around 2,230.
From the current trend, Ethereum is in a catch-up state, and its movement has directly broken the range structure. From last night until now, it has already increased by nearly 17%, which is several times more than Bitcoin's 3.5%. It is evident that we cannot simply rely on technical analysis anymore. Speaking solely about Ethereum, as long as there is room for correction, one can boldly go long. This morning, the intention was to catch the correction together with Bitcoin, but Ethereum proved to be so strong. Therefore, in the future, strategies for Ethereum and Bitcoin will be given separately.
Ethereum strategy: Go long around 2,200-2,215, target 2,300.
