Friends! The excitement in the crypto world recently rivals a summer thunderstorm—over here, news of ETH aiming for $4000 is explosive, while over there, #ADA! has risen 26% but is being called 'might have pitfalls', even #Xrp🔥🔥 has quietly perked up!
Today, let's grab our seats and go through these three 'big dramas': there's technical analysts battling it out #ETH , there's ADA with a 'fierce price surge hiding dark reefs', and there's XRP with 'declining on-chain transaction volume but full resilience'. Get ready for the exciting plot of bulls and bears tearing each other apart, and the battle for funds~ 👇#山寨季何时到来？
First, ETH: Is $4000 a dream? The old analyst's 'God candle' is about to come true!
If we talk about the hottest topic in the crypto world recently, it has to be ETH's sprint to $4000! Well-known analyst Kaleo (@CryptoKaleo) directly stated: 'This week, ETH could be lifted by the “God candle”, and the $4000 mark is just around the corner!'
What is a 'God candle'? In simple terms, it's an ultra-long bullish candle that directly breaks through key resistance levels, leaving bears lost and confused~ Kaleo drew a chart on X, framing ETH's price trend within a 'rising wedge'—doesn't this look like a 'spring'? The longer it's compressed, the stronger it will spring back!
In the past three months, every time ETH rose to the upper edge of the wedge (around $3000), it was pushed back down, but this time is different! That 'false drop' in mid-June (falling to $2100) now looks like a 'golden pit'—three weeks later, ETH directly stood back above the support level, turning the previous 'pit' into a 'springboard'.
How strong is ETH right now? Check out this data:
Technically stable as an old dog: the daily line has closed bullish for a week, RSI has risen to 77 (close to overbought but not crazy), indicating solid buying pressure, not just short-term speculation;
The macro environment is strong: Bitcoin has surged recently (almost hitting the historical high of $123,000 last week), igniting the sentiment of the entire crypto market;
Institutional funds are flooding in: SEC documents reveal that Peter Thiel's founder fund holds 9.1% of Bitmine, which has directly hoarded 163,000 ETH (worth $500 million)! This big-shot endorsement has directly added fuel to ETH~
Kaleo's prediction is even more impressive: the widest part of the wedge spans over $1000, according to the 'measuring target', breaking through the upper edge of $3030 could lead directly to $4000!
Now ETH's price has reached $3336, the white 'send' arrow is pointing straight to $4000+, this 'God candle' is about to make its appearance right on time?
However, we need to keep an eye out—around $3344 there is a 'golden pocket' (0.618 Fibonacci retracement level), if it charges too aggressively, there might be profit-taking that could lead to a drop. But overall, looking at ETH's 'two steps forward, one step back' rhythm, it’s clearly a 'steady and stable player', $4000 is truly not a dream! 💪
Second, ADA: Behind the 26% surge, is there a 'gentle trap'?
After discussing ETH's momentum, let's take a look at neighboring ADA—up 2.87% in the last 24 hours and skyrocketing 26.86% in a week! This increase makes it a definite 'dark horse' in the crypto world~ But don’t rush to chase it, experienced drivers are shouting: 'This could be a Bull Market Trap!'
What is a 'bull market trap'? In simple terms, it's when prices rise joyfully, but it's actually a trap set by bears—when you can't help but chase the high, it suddenly 'collapses', burying all the bulls inside~
Liquidity has exploded! Money is flooding in💰
First, let's see how crazy the market is:
According to DeFiLlama, Cardano's TVL has now reached $333 million, reflecting the growing confidence in the network and the long-term bullish outlook.
Moreover, this is not the first time for a 'wealth moment': back in March this year, when ADA's price was just $1.17, OI (open interest) also broke $1.2 billion; for most of January, the price was still hovering around $1~ Now that the price is $0.75, with more money in the game, it seems like a 'bull market signal', right? 🤔
But! History doesn’t simply repeat itself~ Behind this wave of surge, there might be a 'harvester'~
Beware! The bull market trap is approaching⚠️
Take a look at this 'liquidation heatmap':
ADA is currently priced around $0.75, but looking ahead, there are hardly any 'sell orders' at the $0.78 level (meaning liquidity is very low)~
However! Between $0.68 and $0.75, there are a lot of 'unfilled sell orders'—it’s like a pile of 'landmines' 💣!
Once the price hits $0.78, if there aren’t enough 'buyers' to catch it above, bears will go crazy and sell off, potentially causing the price to 'crash' to $0.68, burying all those chasing the high! 🙀
Now the price is just $0.03 away from $0.78 (as of the time of writing, it's $0.7522), this 'trap' might be triggered at any moment!
So can we buy or not? 🤔
If you are a 'short-term expert' and can time it perfectly, you might get a taste of it~ But for us newbies, it's better to take it easy!
Wait for two signals to be safer:
1️⃣ The price steadily stands above $0.78, indicating there are enough 'buyers' above, and it may continue to rise;
2️⃣ If the price pulls back to around $0.68, it may actually be a 'bargain hunting' opportunity~
Remember! The crypto world is not a 'chasing highs and killing lows' casino, but a game of 'waiting for the wind to come'~ Don’t let short-term surges cloud your judgment; maintaining your mindset is key to reaping big rewards! 🍖
So, dear ones, the surge of ADA looks great, but be careful not to chase the high! Wait for it to stabilize at $0.78, or drop to $0.68 to pick up the bargain, which might be sweeter~ ⚠️
Three, XRP: On-chain transaction volume has dropped? It's just gearing up for a big move~
Lastly, let's talk about XRP—recently, its on-chain transaction volume has clearly dropped, falling out of the 'billion-dollar club' (daily on-chain transactions exceeding $1 billion). Some are shouting: 'Transaction volume has dropped, is XRP going to cool down?'
We don’t see it that way! On-chain transaction volume has declined, which may just mean 'big funds are taking a break', but XRP's price and trend are clearly secretly 'building up a big move'~
Check out this data:
Price is stable as a mountain: although it's 'bouncing' before the resistance level of $3.02, every time it pulls back, it stays above $2.70 (the 'iron bottom' in the eyes of technical analysts);
Bullish moving average alignment: all moving averages (5-day, 10-day, 20-day) are below the price, forming a 'support network';
Buying pressure sneaks in: after failing to break $3.02 last week, the price fell back to $2.80 and quickly returned to $2.90, which is obviously 'washing the market'—bears want to sell, while bulls directly 'catch the falling knife' to buy!
Even more amazing, XRP is currently in a 'strong consolidation' phase—like an athlete crouching down before a sprint, gathering strength for the dash! If it can break through $3.02, the next target will be $3.30; even if it doesn't break through temporarily, any pullback above $2.70 is a 'normal fluctuation', not a trend reversal~
Let’s put it this way: XRP is like an 'assassin holding back a big move'—the surface transaction volume has dropped, but it's actually waiting for a 'timing opportunity' (like macro benefits or institutional entry), when the time comes, it will directly 'draw the sword from the sheath', soaring to catch you off guard! 🗡️
Conclusion: The big show in the crypto world has just begun, so grab a seat and watch the show!
From ETH's 'sprint to $4000', to ADA's 'gentle trap', and then to XRP's 'holding back a big move', the drama in the crypto world this week is even more exciting than a palace intrigue drama~
Remember a few key points:
ETH: $4000 is the 'measuring target', and breaking through may start a new cycle;
ADA: The surge is fierce, but don’t chase high, wait for $0.68 to pick up the bargain more safely;
XRP: Declining on-chain transaction volume does not equal a weak trend; after some consolidation, it may explode.
Finally, let me share an old saying from the crypto world: 'Don’t be swayed by short-term fluctuations, recognizing trends is more important than chasing hotspots!' Whether you are bullish or bearish, this tug-of-war has just begun, so grab a seat, get your sunflower seeds ready, and watch this grand drama unfold~ 🍉
✍️ DYOR, manage risks well, and may everyone set sail in the crypto world! 🌊
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