ETH is at a crossroads today!
Both bulls and bears are pulling hard like a tug of war, and no one dares to let go until the direction is clear. Let’s briefly discuss the current situation, and you’ll understand!
1. Key positions to watch closely:
Upper ceiling: $2560
Lower floor price: $2480
2. Why do bulls think it can rise?
1. Big institutions are secretly accumulating: Big players like BlackRock bought nearly $1.2 billion worth of ETH through ETFs in June and predict they will buy another $10 billion in the second half of the year! When wallets get fat, it's easier to pump prices.
2. ETH has become the 'financial foundation': Now 90% of stablecoins are running on the ETH chain, and traditional big banks are starting to use it, making it increasingly legitimate.
3. Price 'lagging' needs to catch up: Bitcoin is already over $100,000, while ETH is only around $2,500, which is still 85% away from its historical high, making it easy for funds to spike the price once they enter.
3. Why are bears still selling?
1. ETF approvals are a hindrance: The SEC has postponed the decision on the spot ETF until after the holidays, making funds hesitant to move significantly, causing the market to be cautious.
2. Trading volume is dry: Despite high discussion activity, the actual money being spent on buying coins is nearly 60% less than last week; just talking without buying is a false show.
3. Celebrity feuds add chaos: Trump and Musk are trading barbs over policies, DOGE crashed first, resulting in the entire crypto market losing 3% of its value in a day, dragging ETH down as well.
4. Yangming's operation guide
Break above 2560: Go long, target aiming for 2700+ (big profits ahead)
Fall below 2480: Run away, hide at 2380 and reassess (safety first)
Stuck in the middle: Lie back and watch the show! Transaction fees are more expensive than volatility, don’t work for the exchanges!
Currently, the market is tumultuous, and walking alone is lonely. Follow me for daily shares of potential layouts and bull market strategy layouts.
