$PEPE $ETH $BTC Cryptocurrency market surges, market analysis 🔥
Recently, the cryptocurrency market has reached unprecedented levels, with Ethereum (ETH) violently rising by 30%, and market sentiment rapidly jumping into the extreme greed zone. This is not retail investors chasing highs, but rather a 'snow avalanche' triggered by 10 billion in short positions being forced to liquidate! Players who shorted at $3000 can now only endure painful losses to close their positions.
As early as late March, I anticipated this situation, with tens of billions of dollars shorting ETH. I initially expected the crash to occur in April, but it has been delayed until May. However, ETH is facing resistance at the 0.382 golden ratio level around $2425, so the short squeeze may temporarily stall. Friends holding altcoins might consider taking some profits and waiting for a pullback to re-enter. If Pepe can pull back to the neckline at $0.105, it might be a good buying point, suggesting to enter the spot market.
Large funds can take advantage of the upward trend, while small investors should not panic; ETH's rise may drive altcoin trends, and there will be quality opportunities on-chain.
Let's talk about the concept coin of Uncle Tax, the conan Trump Dogecoin (TRUMP). It is a personal meme coin launched by Donald Trump on January 18, 2025. It was a hit right from the start, with CoinGecko reporting a market cap of $4 billion on the same day, ranking fourth among meme coins. When Huobi listed it, the increase once reached 1250%. However, during the cryptocurrency market crash on March 10, its price dropped by over 12%.
Recently, the official announcement of a dinner in Washington D.C. on May 22 for the top 220 holders of the coin has caused significant price fluctuations. The top 25 holders can participate in an exclusive reception and a "special edition" VIP tour. The community is continuously growing, and it is collaborating with three institutions, closely following the overall market, with a healthy trend.
This meme coin, which carries a top-tier narrative, has a highly active community, institutional investment, and great potential, but remember that the cryptocurrency market is highly volatile and risky. Please ensure you fully understand before investing and make cautious decisions. 币安王牌金狗MeMe聊天2群 #山寨币交易 #山寨季何时到来 #本周高光时刻 #Stripe稳定币账户 #BTC重返10万