🥱How to hold onto ETH is my biggest question every morning when I wake up. The market won't always go up, nor will it always go down. The market has been very good these three days, and I've only slept 5 hours for two days. I've been monitoring on-chain and secondary market prices.
💂Brothers of the e-guard are really coming.
1️⃣ Recharge belief: On-chain TVL analysis (about the first chart of Eth)
🔸The on-chain data used here is from DefiLama.
🔸The chart shows that ETH's on-chain TVL continues to grow, and the demand for ETH in the DeFi ecosystem has increased, especially highlighted at the high price of $4100.
🔸On-chain data growth shows increased market confidence, and the application value of ETH in DeFi is further recognized.
2️⃣ Secondary market price analysis (Analyst's long-term analysis of ETH on June 5th)
Original link: https://x.com/CryptoPainter_X/status/1920803539145666656
From the analyst's perspective, ETH is currently at a critical trend reversal stage. Here are the key points:
🔹Short-term Trend: ETH may have already reached the bottom (around $1388), and it is unlikely to see new lows in the short term.
🔹Medium to Long-term Trend: If ETH can break through the resistance level of $2150, it may enter a bullish trend, starting a new round of upward momentum.
🔹Market Structure: ETH needs to form a significant bottom range oscillation, which will lay the foundation for continued strength in the second half of the year.
⚠️This analysis is a personal opinion and does not represent any investment advice.
⚠️Please make independent judgments.