Ethereum soars to the sky! 75,000 people liquidated, blood washing the market, is it a bull market trap or a new starting point?
Exclusive in-depth analysis by Zhuque: The wealth secrets and fatal risks behind Ethereum's surge.
Core event:
Ethereum's price has strongly broken through last December's high, with over 75,000 people liquidated in the crypto market in the past 24 hours, and the long-short duel has entered a heated phase! Is this wave of market movement a signal of a bull market acceleration, or a carefully designed 'harvest trap' by the main players?
One, news interpretation: Why did Ethereum suddenly explode?
ETH's expectations are heating up.
Market rumors suggest that the US SEC may accelerate the approval of Ethereum spot ETH, with institutional funds positioning in advance, pushing ETH prices to soar.
Comparing the performance of Bitcoin after the ETF approval, Ethereum may welcome a new round of institutional fund inflow.
Favorable macro environment.
Expectations for Federal Reserve interest rate cuts are increasing, bringing a capital inflow into risk assets.
After Bitcoin breaks new highs, funds begin to rotate into high-potential tracks like Ethereum.
Two, technical aspect
ETH has been on a strong upward trend from 2 PM yesterday until midnight, as the core event of Ethereum saw the price strongly break through last December's high, and then at midnight it broke the historical high of 3826.
Three. Zhuque's perspective:
The previous market trend for ETH is showing insufficient upward momentum, needing a correction to attract more buy orders. Once the saving momentum returns, a new wave of increase may come. I'm not sure about the specific effective breakthrough points and timing. You can click on the avatar to follow Zhuque, who will provide real-time updates and reminders. In addition, closely monitoring changes in information is also crucial. Once major industry positive or negative news comes out, we need to adjust our trading strategies in a timely manner to follow market changes.
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