$ETH Giving up is easy, but persistence is definitely cool. The road to trading is long and far; if you keep going, you'll reach your destination.
If this recent rise isn't driven by on-chain activity but more by institutions grabbing shares, then there are two points to focus on:
First, if ETH rises further, similar to BTC, the number of retail holders will decrease, and a large amount of chips will enter the hands of institutions or whales. Second, it indicates that the market hasn't really entered a FOMO state yet; it's still in a semi-pushed state. Once FOMO kicks in, even if on-chain activity doesn't exceed the previous cycle, it will reach a similar level as the last cycle.
Therefore, the next period of time is still worth paying attention to, regardless of which direction it develops, it will be one of the most exciting periods of this year.
Although today's coin price also has an upward refresh, we will short again at 3820/30, and then buy back at 3760/50; let's not chase the highs for now.
If this recent rise isn't driven by on-chain activity but more by institutions grabbing shares, then there are two points to focus on:
First, if ETH rises further, similar to BTC, the number of retail holders will decrease, and a large amount of chips will enter the hands of institutions or whales. Second, it indicates that the market hasn't really entered a FOMO state yet; it's still in a semi-pushed state. Once FOMO kicks in, even if on-chain activity doesn't exceed the previous cycle, it will reach a similar level as the last cycle.
Therefore, the next period of time is still worth paying attention to, regardless of which direction it develops, it will be one of the most exciting periods of this year.
Although today's coin price also has an upward refresh, we will short again at 3820/30, and then buy back at 3760/50; let's not chase the highs for now.
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ETH
3,672.3
-0.94%
BTC
118,522.85
-0.51%