Explosive news! The market for $ETH has entered a critical period of both super favorable news and short-term adjustments in the past three days!
The United States has just passed the 'Genius Act' to regulate the stablecoin market, indirectly giving a strong boost to the Ethereum ecosystem;
BlackRock and eight other major institutions have invested $2.18 billion into Ethereum ETFs in one week, with BlackRock itself investing $1.76 billion. The founder of traditional giant PayPal has also personally entered the market to buy coins.
JPMorgan and Robinhood's tokenization project has put 60% of its business on the Ethereum chain, and application scenarios have completely exploded!
Recent daily trends show a weakening of upward momentum, with overbought signals appearing, but the long-term upward trend on the weekly level remains strong, establishing a solid bottom at 3500, with 3800-4000 being the key levels to break.
Now is the golden window where policy dividends collide with technical adjustments. A daily pullback is actually an opportunity to get on board. As long as the $3500 support holds, the market is bound to rise!
Focus on the 3500 support and 3800 resistance; a breakthrough is a signal for a new market trend! Specific operations will be discussed in the comments, follow Brother Li to see through the real trends in the crypto world!