ETH broke its previous high tonight; if you miss it, you might never catch up! 💥
Recently, the price of Ethereum has been quite volatile, mainly due to the massive accumulation of spot holdings by whales. As these large funds continue to enter the market, the open positions in contracts have also surged dramatically. The flow of funds from whales often leads to significant market fluctuations, causing frequent liquidation events. In this context, market sentiment is quite variable, and prices may experience repeated oscillations in the short term.
From an overall trend perspective, the future of ETH remains positive. The market fundamentals have not undergone any fundamental changes, and institutional investors' long-term optimism for ETH remains strong. Furthermore, as the market gradually digests the short-term volatility, ETH is expected to continue rising. Combining technical analysis, the current support level is solid; if it breaks the previous high tonight, ETH will gain new upward momentum, and it could even trigger a strong rally.
Currently, Yao is still holding, and will look for suitable positions to bring fans in; those still watching can take a look. After the King of Understanding finishes speaking, I will bring you in!!!
