The probability of Ethereum reaching 4000 dollars this month is quite significant, but volatility is certainly unavoidable.
The market is quite interesting now. If ETH rises another 10% (based on the current 3900+), there will be 1 billion dollars of short contracts to be liquidated. At that time, shorts will be forced to close their positions, which will push the price up. This kind of 'longs killing shorts' market has occurred before, and a 20% rise in a day is possible.
Moreover, major institutions are still buying; ETFs are bringing in money every day, even more aggressively than over there.$BTC Technically speaking, it is currently fluctuating between 3800 and 3900. As long as it holds firm at 3900, 4000 is not far away.
However, one must also be cautious. The indicators are a bit overbought, and if everyone makes enough profit and decides to run, a short-term correction would be normal.
If you want to operate, Xiao Xu here suggests standing firm at 3900 and trying a small position. If it drops back to 3800, withdraw quickly. Don't be too greedy, and don't hold too heavy a position. Holding some of the base position for the medium to long term is fine; if it really drops to around 3600, add a bit more. The key is whether 3900 can hold up and whether funds are willing to continue coming in.
Finally, thank you for watching. Click on the avatar to follow Xiao Xu! I hope to use the experiences and lessons I've accumulated over years of struggling in the crypto world to help you avoid detours and double your assets!
#山寨季來了？ #RWA热潮 #ETH🔥🔥🔥🔥🔥🔥 #ETH走势分析
