💥Market Analysis and Subsequent Opportunity Ambush
Recently, market sentiment has been relatively weak, with downward pressure on Bitcoin mainly coming from large sell-offs by some whales, triggering a panic sell-off among investors and causing altcoins to generally remain in a bottom consolidation state. Funds are still waiting for a new round of rotational speculation opportunities.
Currently, Ethereum has seen a technical pullback around 3480, which is a normal profit-taking behavior, especially in the context of previous low-position holdings being gradually realized. However, the overall trend remains healthy, with ETH's lows consistently rising, and the support level gradually increasing, leaving limited room for retracement.
The continuous increase in ETF holdings and institutional capital inflow provides strong fundamental support for the market. The current pullback is more like a power-up phase before the start of a new market rally.
The 3480 level is a short-term resistance point; if the overall market stabilizes after the US stock market opens in the evening, ETH is expected to attack again. The area around 3500 is a dense stop-loss zone for bears; once touched, the market is expected to break through with increased volume.
The continuous increase in ETF holdings and institutional capital inflow provides strong fundamental support for the market. The current pullback is more like a power-up phase before the start of a new market rally.
For reference, aggressive traders: attempt long positions near 3425, set stop-loss at 3365-3355, target 3465-3485; conservative traders: place orders to enter around 3380-3375, set stop-loss at 3325-3315, target to be determined, waiting for structural confirmation before gradually shifting.
