Wall Street's Darling — Ethereum·ETH🚀

Just now, Bitcoin was still falling, and Ethereum suddenly jumped 40 points.....

This is the terrifying aspect of Ethereum in this cycle; it is now Wall Street's darling.

Ethereum: Bullish momentum is strong, aiming for historical highs.

After a lull in May-July, Ethereum experienced a strong rebound in August, breaking through multiple resistance levels, and standing firmly above $4,000. Market buying pressure has significantly increased, and bulls are targeting the historical high close to $5,000. If there is a short-term pullback, the area near the accelerating trend line at $4,100 is a key support level and could be a good entry point. If it drops below $4,100 and further falls to $3,500, it would indicate a significant decline in market sentiment.

Bitcoin: Beware of the 'Double Top' Risk.

Bitcoin is facing selling pressure at the historical high of $123,000, potentially forming a 'double top' pattern. Currently, buyers are holding the short-term upward trend line, but if it breaks below, the price may revisit $118,000. The medium to long-term trend remains bullish, and if resistance is broken, the next target will point to $130,000.

Disclaimer: The content of this article is for informational sharing only and does not constitute investment advice. The cryptocurrency market carries high risks and volatility; investment decisions should be made cautiously. #ETH突破4600