Last night's CPI data was released! Ethereum enters bull mode again, breaking away from Bitcoin to create an independent market. It surged to a high of 4649, setting a new historical record! Old Chen's script has once again come true!! (This round of the market gained 1000 points.)
What did Old Chen say on Monday?
As long as ETH breaks out independently this week, it is highly likely to surge to 4500, opening up new heights.
Monday's article:
Since Ethereum started consolidating around 3615, Old Chen boldly predicted that market makers would take significant actions, and he highlighted every wave of rising markets in the article. As long as you keep up with the rhythm, you can at least triple your investment!
In summary: Market makers pull up like a fierce tiger, while retail investors chase up like a tide—markets always peak in craziness!
Four major ignition signals for this round of upward movement:
1: CPI data triggers a shift in market sentiment.
The lower-than-expected CPI data reinforced the Federal Reserve's interest rate cut expectations, rapidly warming up market risk appetite. Market makers accurately captured this macro turning point, quickly igniting using capital advantages, attracting retail FOMO sentiment to follow in.
2: Ethereum ecosystem narrative support.
Compared to Bitcoin's 'digital gold' attribute, Ethereum, with its Layer 2 explosion, ETF expectations, and on-chain DeFi recovery, is more likely to attract funding in a bull market. Market makers chose ETH as the main focus, forming a classic pattern of 'Bitcoin as the stage, Ethereum as the performance.'
3: Key technical breakthrough ignites buying.
After breaking through the high resistance level of 4500, algorithmic trading programs triggered a large number of chasing buy orders, and market makers continuously absorbed the sell orders above with a small amount of capital, creating a liquidity siphoning effect, triggering short position stop losses and accelerating the rise.
4: Derivatives market cooperates for harvesting.
During the pull-up process, long positions were simultaneously established in the futures market. When the price surged to 4649, the perpetual contract funding rate reached 0.15% (annualized 180%), allowing market makers to achieve dual profits through spot selling and futures closing.
Old Chen boldly predicts: ETH 5000 enters the countdown! However, it will still follow the old script: washout → fake drop → explosive rise. How to distinguish? New friends can look back at previous articles.
Wealth code: Strong resistance zone at 4639-4700, any pullback and adjustment in this stage indicates a washout, signaling the eve of a major market start.
Do you remember the little trick Old Chen shared with everyone last week? (Consolidation must have significant actions) It has once again come true!!#ETH突破4400
