Correction, #ETH 2730 has not stabilized, and it can't even manage a rebound. Then let's drop together with BTC. After a big drop, I can buy low and go long.

Can ETH Reach 3300?

ETH has been performing strongly these past few days. If it breaks through and stabilizes at 2730, there won't be much pressure until it reaches 3300, and a surge to 3300 can't be ruled out. During this rally, BTC appears relatively weak, even weaker than U.S. stocks. I believe it still lacks incremental capital; after BTC's new high of 110,000, its momentum has weakened. At this time, capital is coming in to boost ETH, which is essentially a game of existing capital.

The real big market movement will have to wait until after interest rate cuts when incremental capital enters the market. Let's not forget, the China-U.S. tariff negotiations have a deadline of August 12, and the EU-U.S. tariff negotiations have a deadline of July 9. According to Trump's style, it's easy to apply extreme pressure towards the end of negotiations, and unstable factors could lead to a significant market drop.

Therefore, when capital comes in to boost ETH, it actually confirms my thought that market funds are insufficient. When a rally can't move the leaders, and funds start to do a catch-up, it indicates we are in the latter half of this emotional cycle. Before the interest rate cuts in September, the incremental funds in the market will not be enough to push BTC above 120,000; at most, it might reach a new high of around 115,000 in June and then cool off temporarily. If this wave pulls ETH up to 3300, it would signal a short-term top.

Chat in 清水的小天地; I sometimes share my views here.

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