8.10 Ethereum (ETH) Market Analysis Reference

Recently, many fans and friends have asked me why Ethereum is so strong. They might think that Ethereum has been shining alone these days because of Trump's actions during this period, like signing administrative orders for pensions, the potential $12.5 trillion inflow into the market, or pressuring banks. This is actually completely wrong; it is not the reason at all. If these events were the cause of the good news, Bitcoin should have been leading the charge. However, the reality is that only Ethereum has taken off, now standing above 4300 points, while Bitcoin is still consolidating. So why is only Ethereum so strong? Let me share my personal view: the fact is that Bitcoin's price is too high. Even if institutional investors want to buy, they might find themselves unable to do so. In contrast, since Ethereum was pulled up from 1800, it has been skyrocketing. The driving force behind this surge is those listed companies treating Ethereum as a strategic reserve. They have been quietly acquiring the handovers from ancient whales, and certainly, the main players in Bitcoin are also involved. This is the underlying reason and fundamental logic, not just the two pieces of news from Trump that have propelled the market. I hope everyone does not just listen to the wind, blindly follow the news, and fall into traps.

With the constant fermentation of behind-the-scenes driving forces and positive news, the price of Ethereum is continuously climbing higher and has now broken through the 4300 level, with the high points still moving further up. The daily increase is also approaching over 200 points, and Ethereum is undoubtedly showing a leading bullish posture, with strong bullish sentiment. The current upward momentum is fierce, and there are temporarily no obvious obstacles appearing. The market has a trend of continuing to surge upward; thus, the price is continuously rising, and the bullish volume is being activated, leading to further upward testing of prices. The bull market we have been anticipating is now in front of us. Moving forward, we can only operate in accordance with the trend, and short positions should be entered cautiously. However, I would like to remind everyone that the market fluctuations are too large, so it’s advisable to take profits when they arise.

8.10 Ethereum Short-Term Reference:

Short positions can wait and observe,

Long positions can attempt at 4200-4251, stop loss at 30 points, target above 4320, #ETH突破4000 #特朗普加密新政 #美联储比特币储备 #btc