ETH is soaring, unstoppable!
The daily trend and exchange rate have strongly broken through, galloping forward, reaching a peak of 2834, just a step away from the 3000 mark! Two consecutive days of late-night rallies are truly impressive, ETH's independent market!
Watching ETH break through, the average holding price has increased from 2560 to 2661, a 5.5 times increase, feeling ecstatic! But the volatility is too great, so I’ll stabilize for a while and not increase my position! Looking above for resistance at 3000 and support at 2750 below. Altcoins have truly been a typical case of “following the drop, not the rise”, being mere shadows of ETH, and if you don't take profits in time, you’ll fall back to square one. If altcoins rally again later, remember to take profits in batches for safety!
With ETH's strong performance, can it be a quick battle?
Following the current trend, ETH may peak and end within a few days, and altcoins might at most have a “doomsday carnival”. The Ethereum DeFi is the strongest, but it also has a rhythm of ups and downs, while other altcoins are more like a roller coaster; be cautious when chasing highs!
Today's major focus: the official statement from the China-US negotiations!
The talks concluded yesterday, and both parties reached a framework agreement, resolving the issue of rare earth export restrictions, and plan to continue negotiating a more comprehensive agreement before August 10. If there is an official statement today, it is likely after the close of the big A at 15:00, so pay attention to the news;
Opportunities in altcoins also depend on news stimuli, see if we can have a rally on good news, and keep an eye on BCH and MOODENG for the doomsday chariot;
