ETH breaks 3,000 USDT, 24-hour increase of 8.07%
Yesterday, ETH broke 3000 USD, I’m announcing it, and yesterday I took my fans to profit. Fans who want to profit should catch up quickly.
1. Significance of the breakthrough: 3000 USD is a long-term key psychological level for ETH. This breakthrough marks a significant recovery of market confidence, coupled with BTC hitting a new high simultaneously, triggering overall bullish sentiment in the crypto market.
2. Driving factors:
◦ Institutional accumulation: Institutions like BlackRock and BTCS have recently continued to increase their ETH holdings. On-chain data shows a surge in outflows from exchanges, and the behavior of whales converting BTC to ETH highlights long-term value recognition.
◦ Policy expectations: The U.S. SEC is accelerating Ethereum ETF approvals, and the EU's Markets in Crypto-Assets Regulation (MiCA) is being implemented, providing support for compliance.
◦ Technical upgrades: The Spectra upgrade enhances network efficiency, and Layer 2 scaling solutions (such as Arbitrum) promote growth in DeFi and NFT activities.
3. Technical contradictions:
◦ Short-term overbought: After the breakthrough, the RSI value exceeds 70, entering the overbought zone, and the MACD histogram shortens, indicating weakening bullish momentum, with significant selling pressure above 3000 USD.
◦ Key level references: Support levels at 2487-2500 USD, a drop below may trigger a correction; resistance level at 3071 USD, effective stabilization may open up upward space.
4. Risk warnings:
◦ Derivatives risk: Within 24 hours, ETH contracts faced liquidations of 242 million USD; the market's leverage is high after shorts were squeezed, and caution is advised regarding potential sharp declines due to profit-taking sell-offs.
◦ Regulatory uncertainty: Countries have not fully clarified regulatory details regarding stablecoins and DeFi, and policy changes may impact market sentiment.
◦ Whale movements: Some early holders have recently concentrated their sell-offs, and it is necessary to be cautious about how changes in holding structure may affect prices.
5. Trading suggestions:
◦ Short-term traders: Pay attention to the competition around 3000 USD; if the breakthrough fails, consider light short positions with stop-loss set above 3071 USD; if it stabilizes, consider long positions near 2850 USD with a target of 3200 USD.
◦ Long-term holders: Consider accumulating in batches on pullbacks, focusing on whether the ETH/BTC exchange rate can break 0.027; a breakthrough will confirm the start of the altcoin cycle.
◦ Risk control: Total position should not exceed 15% of assets, and set a hard stop-loss at 2487 USD to avoid significant capital drawdown in extreme market conditions.
(Note: Current data may vary; some platforms show a 24-hour increase of 4.34%-7.76%, it is recommended to refer to real-time market conditions.)
