ETH's strong breakthrough of 4700 is not only a qualitative leap but also the beginning of a new trend in the crypto space, indicating that a new bull market for ETH may have already arrived!
1. The strong momentum behind today's breakthrough
1. Institutional frenzy: ETFs continue to flow in, with many well-known investment institutions increasing their holdings of ETH. According to data, in the past week, the inflow into Ethereum-related ETFs has reached an astonishing figure, providing solid support for Ethereum's price.
2. Qualitative changes brought by technical upgrades: The steady progress of ETH 2.0 has significantly improved network performance, increased speed, and reduced Gas fees.
3. Extremely high market sentiment: With BTC stabilizing at high levels, market attention and investment enthusiasm for Ethereum have been completely ignited. More and more investors firmly believe in Ethereum's potential, buying in and pushing the price higher.
2. Operational advice and risk warnings
1. Operational advice: For those who already hold, you can continue to hold, set reasonable take-profit and stop-loss levels to lock in some profits. For those who have not yet entered the market, if a pullback occurs near strong support levels, you can attempt to enter with a small position, but be sure to control your position to avoid the risk of chasing highs.
2. Risk warning: The crypto market is highly volatile. Although ETH is currently performing strongly, there is a possibility of a sharp price drop due to sudden news or a reversal in market sentiment. Risks such as policy risk, technical vulnerabilities, and market manipulation also always exist. Before investing, be sure to fully understand relevant knowledge and conduct a thorough risk assessment. #ETH突破4600