1. Technical Analysis
Trading Volume: Recently, there was insufficient volume during the rise, and a significant breakout beyond key resistance is needed to confirm the trend, which was achieved this morning.
Last night, there was no news intervention, and the technical analysis was valid. Thus, we used the above technical analysis as the basis for building positions and successfully profited. Follow for updates, pay attention to Xiao Chen's homepage for step-by-step guidance. Did you get shaken out when it fell below 2400 last night?
2. News Analysis
Staking and Supply Deflation
The amount of ETH staked has reached 34.8 million, a record high, with long-term lockup reducing selling pressure and supporting the price.
The EIP-1559 mechanism continues to burn ETH; if network activity rebounds, it may accelerate deflation, which is favorable for the coin price.
Institutional Fund Movements
Continuous inflow into spot ETFs: $394 million net inflow over the past 8 days, but the recent growth rate has slowed, requiring attention to its sustainability.
Whale Holdings: The number of wallets holding ≥1000 ETH has increased to 5,615, indicating significant accumulation by institutions.
Xiao Chen's predictions and strategies for future trends
Currently, ETH has broken through the range of the past two days and is stabilizing above. If it retraces to around 2470, it will be the first support level, and if it holds, it will break through 2500 again, targeting around 2565. However, Trump's inconsistent attitude towards the Israel-Iran war could be a factor. If you don't understand the specific support and pressure points, you can follow Xiao Chen's homepage for step-by-step guidance.