Brothers, the script for Ethereum (ETH) this week is as thrilling as a Hollywood blockbuster! Global asset management giant BlackRock is really putting in the big bucks to grab ETH! The buying pressure is getting stronger every day, it’s clear: they’re betting on Wall Street's dignity, convinced that the ETH spot ETF will definitely pass! Once it’s approved, those traditional institutions will go wild in buying, retail investors might not even get a taste!
Why do I dare to slam the table and say $2800 is the key level? The technical consensus is right here!
$2800 is the dividing line between bull and bear! If it holds, those cold-blooded quant machines and the FOMO emotions of retail investors will ignite directly, chasing the price up could break the ceiling!
Hesitating to go up? Haha, the bears are teaching you a lesson by smashing down! Dropping back to $2400? That would be light; it could even get bloody! This scene would make even seasoned investors shiver!
Why does ETH dare to surge? Three solid logics, come debate if you disagree!
Institutions are putting real money on the line, going all in with clear cards!
BlackRock has been acting like it’s on fire these past few months: $280 million smashed in February, another $77 million in April, and $34.7 million in June! Nearly $400 million smashed in three months, with costs stubbornly averaging $3300-3500! The big shots can take the loss, but can you withstand it?
What's even crazier is that the Trump family is secretly hoarding $350 million worth of ETH! These top players are betting together, and you tell me it's a coincidence? I don't believe you for a second! The pattern is opening up!
ETF = nuclear bomb-grade fuel, ready to go off!
Have you seen that epic surge after the BTC ETF was approved? If the ETH ETF opens up, the tide of traditional finance could push ETH prices through the roof!
BlackRock dares to buy like this, fully confident that the SEC won't dare to stop them! The biggest wealth secret of 2024 might just be hidden in this license!
The technical side is pushed to the limit, the arrow is on the string!
The 4-hour chart is converging into a tight coil! Volatility has shrunk to historical lows—this is the sound of a bomb fuse sizzling!
Is it a violent breakout upwards, or a head-chopping downwards? $2800 is the button that decides fate!
BUT! Jixin reminds you, don’t just get excited! Two major hidden dangers could explode at any moment:
The Federal Reserve is the old six, specializing in treating all kinds of disbelief!
Is a rate cut in June looking stable? What if inflation data blows up again, and rate hike expectations revive? Global risk assets go straight to ICU, can ETH stand alone? Dream on!
On-chain data is 'inflated', beware of a false peak!
TVL hitting new highs? Exciting! But on-chain transaction fee revenue has plummeted by 72%! Is the ecosystem all show and no profit? Just relying on institutions to pull it up, and retail investors are not following? Be careful of a 'false breakout, real burial'! The market makers love to play this game!
Want to catch the starting point of ETH's explosion in real time? Want to avoid the deep pits where major players bury retail investors? Want to position in the next potential track ignited by the ETF? Follow Qiu Ge.
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