Ethereum has just broken through 2200, and the market is just beginning, altcoins are ready to take off!
In the early morning surge, Ethereum skyrocketed, breaking through 2200 dollars in one go, completely reversing the weekly trend, rising even more sharply than Bitcoin! An increase of over 20% in 24 hours is no joke; this trend feels a bit like the initial phase of the bull market in 2021.
Now that ETH is moving, the entire ecosystem is taking off:
PEPE, NEIRO, and MOODENG are starting to stir; ecosystem projects like EIGEN, ETHFI, and ENA are also beginning to strengthen, with funds revolving around ETH; the chain has already been pulled up.
From a technical perspective, the weekly trend line has been directly breached, trading volume has exploded, and the MACD golden cross has just appeared, clearly entering an acceleration phase. The fundamentals are not just empty talk; after the Cancun upgrade, the L2 ecosystem TVL has surged to 45 billion, and the USD staking amount has also broken 40 million, reaching new highs makes sense.
In the short term, 2500 dollars will have some pressure as it is a historical threshold, but with the current momentum, as long as it holds above 2200, a breakthrough is just a matter of time.
The key depends on two points:
Can ETH/BTC hold above 0.06?
Will a spot ETF come?
Once confirmed, this round could aim straight for 3000, which is not a dream.
After a surge, it's easy to have a technical pullback, so don't fall into a prolonged battle; take profits when needed, securing gains is the way of seasoned veterans!
Focus for the day: $eth $pepe $moodeng
