The current trend of ETH has similarities with the 2016-2017 cycle. Breaking through $4000 may initiate a larger market movement.
It is predicted that Ethereum will rise above $3800, and there are two possible actions here: the first is to continue holding if it is above $3400, and the second is to start taking profits in batches, taking profits every time it rises by $100-200. Make your own choice; based on the current trend, Ethereum has not yet finished rising!
This judgment based on historical cycles is a common approach in cryptocurrency market analysis. The ETH of 2016-2017 experienced a round of explosive growth, driven by multiple factors including the market environment and ecological development at that time.
From the current perspective, the belief that the trends are similar may be based on observations of price patterns, the evolution of market sentiment, or the rhythm of capital inflow. The reason for considering $4000 as a key point is that this price level may constitute an important psychological pressure level and technical resistance level. Once broken, it may trigger more capital entry, further expanding the market movement.
It is important to note that historical similarities do not completely replicate; the current market environment (such as regulatory policies, institutional participation, technological iterations, etc.) has significant differences from that of 2016-2017. Therefore, when referencing this judgment, it is still necessary to combine real-time market dynamics and analyze various factors comprehensively to manage risk effectively.
#ETH突破3600 #ETH $ETH
It is predicted that Ethereum will rise above $3800, and there are two possible actions here: the first is to continue holding if it is above $3400, and the second is to start taking profits in batches, taking profits every time it rises by $100-200. Make your own choice; based on the current trend, Ethereum has not yet finished rising!
This judgment based on historical cycles is a common approach in cryptocurrency market analysis. The ETH of 2016-2017 experienced a round of explosive growth, driven by multiple factors including the market environment and ecological development at that time.
From the current perspective, the belief that the trends are similar may be based on observations of price patterns, the evolution of market sentiment, or the rhythm of capital inflow. The reason for considering $4000 as a key point is that this price level may constitute an important psychological pressure level and technical resistance level. Once broken, it may trigger more capital entry, further expanding the market movement.
It is important to note that historical similarities do not completely replicate; the current market environment (such as regulatory policies, institutional participation, technological iterations, etc.) has significant differences from that of 2016-2017. Therefore, when referencing this judgment, it is still necessary to combine real-time market dynamics and analyze various factors comprehensively to manage risk effectively.
#ETH突破3600 #ETH $ETH
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ETH
3,549.06
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