Chinese Version of 'Stablecoin' Emerges! Is the Myth of Stablecoins in the Crypto World About to Be Broken? Zhuque Provides In-depth Analysis of the Shocking Conspiracy Behind It!
In-depth Analysis of News
Domestic 'Stablecoin' Emerges, Stablecoin Market Faces Its Strongest Competitor!
According to exclusive reports from Caixin, China has launched a de facto 'stablecoin' asset that can be directly pegged to the RMB for 1:1 exchange. This means that China is establishing its own digital currency payment system, directly challenging the market positions of overseas stablecoins such as USDT and USDC!
Market Panic Spreads, Long ETH!
Affected by this news, the crypto market experienced a brief panic.
Technical Analysis: ETH Key Support at Risk!
ETH One Hour Chart: 3723 Support Faces Life-and-Death Test!
From a technical perspective, ETH has formed a key support around 3723, and if it breaks, it may further dip to 3680 or even 3600! The MACD red bars continue to narrow, bullish momentum is weakening, and bears may launch an attack at any time!
Zhuque's Personal Opinion:
ETH fluctuated within a range from 6 AM to 11 AM. At 9 AM, there was a support level that prevented further decline. At 11 AM, it broke the range. Zhuque predicts that ETH's future trend will surge to 3776, then retrace to around 3762 due to insufficient momentum, before breaking the historical high of 3802. If you do not know what an effective breakout is, you can come to Zhuque, who will guide you step by step.
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