Evening analysis of #以太 !
After reaching the highest point of 3674, the #以太 market has begun to show a pullback. Currently, there is strong support below Ethereum. Looking at the 15-minute chart, Ethereum shows signs of range oscillation, fluctuating back and forth. A recommends waiting and observing for now, waiting for the market to establish a trend before entering, or looking for positions when the US stock market opens.
Good news from $ETH continues to pour in. Just recently, BlackRock's ETF has allocated more than five times the amount to ETH compared to BTC, and the recent spot inflow situation between the two differs by $50 million (Ethereum: $547 million, Bitcoin: $497 million). This difference indicates that institutions and large investors are beginning to shift funds toward Ethereum. Institutions and major investors are increasingly valuing the Ethereum ecosystem.
If ETH can effectively stabilize above 3600 during the day, there will be an opportunity to reach the 3800-4000 range, and as long as the pullback does not fall below 3500, the bullish outlook remains.
When the US stock market opens in the evening, if there is a suitable entry position, A will notify immediately. Those who want to follow A's trading strategy can pay attention to @阿柒交易日记 .
