刘禹锡的币记本
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In mid-August, we indicated that ETH showed a top signal around the 4700 level, and a short-term pullback was inevitable. As expected, ETH quickly retraced from its high to 4450, washing out floating positions and short-term leverage.
Now, the situation has changed.
Support confirmation: 4450 has hit the bottom twice and was quickly lifted, indicating that this is a strong defense zone for bulls.
Capital inflow: Yesterday, the net inflow of ETFs reached 640 million USD, setting a new recent high, and institutions are increasing their positions.
Technical reversal: The 1-hour MACD has already crossed bullish with volume, and the price has stabilized above 4600, with a short-term trend turning bullish.
Narrative resonance: By the end of September, the ETH staking update and Layer2 liquidity incentives will be released, providing ample fuel for both spot and futures.
The 4700 resistance level is now visible to us; as long as it breaks through this resistance level, it's heading towards 5000. At that time, we will continue to analyze the situation specifically.
Now, the situation has changed.
Support confirmation: 4450 has hit the bottom twice and was quickly lifted, indicating that this is a strong defense zone for bulls.
Capital inflow: Yesterday, the net inflow of ETFs reached 640 million USD, setting a new recent high, and institutions are increasing their positions.
Technical reversal: The 1-hour MACD has already crossed bullish with volume, and the price has stabilized above 4600, with a short-term trend turning bullish.
Narrative resonance: By the end of September, the ETH staking update and Layer2 liquidity incentives will be released, providing ample fuel for both spot and futures.
The 4700 resistance level is now visible to us; as long as it breaks through this resistance level, it's heading towards 5000. At that time, we will continue to analyze the situation specifically.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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