Let's talk about the trend of $ETH , after all, most altcoins follow Ethereum's movements.
First, let's discuss the long-term cycle: This year, Ethereum has dropped from 4100 to 1400, and since April, it has started to rebound, recently surging by 40% in just ten days. Currently, the short-term target is seen at 3800, with the ultimate year-end goal set in the range of 6000-8000. Future analyses will revolve around this direction, with each breakthrough of a resistance level getting us closer to the target.
For large funds and spot players, this cycle is most suitable for making long-term layouts with low positions. Once a trend is established, following the major direction is the most worry-free strategy, as even a pig on the wind can take off.
Now, looking at the details of the short-term cycle: Yesterday, Ethereum surged to 2725, just touching the key point—this is the Fibonacci 0.5 resistance zone from the drop of 4100 to 1400. After a continuous sharp rise, a pullback is inevitable, and it is expected to test the support range of 2400-2450. If it stabilizes within this range, there will be another opportunity to surge towards the 2830 area. The specific points may vary, but the general rhythm of "pullback - accumulation - breakthrough" is basically clear.
If you want to double your account, want to enjoy substantial profits, want to successfully break even
Stay close to the sharp tiger and pre-position for the main bull market surge!