No excessive opinions at the moment, currently watching the support in the range of 4150-4050 for Ethereum. In the process, waiting for the selected altcoin range to be in place before buying. The listed companies haven't made a move this week.
蟹老板的进击之路
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At this stage, do not let temporary price adjustments affect confidence in the market. This pullback is justified and not a malicious sell-off; it is just some ancient whales selling off over the weekend. The listed companies will absorb this selling pressure, which is a change in hands. The average cost in the market will be raised, and with higher costs, the expectations of those whales, including listed companies, will also rise.
From a price perspective, Ethereum needs to test the support at 4150, and below that is 4050. The listed companies will announce their increased holdings on weekdays, along with the amount of funds prepared, so the trend is not over yet. In the latter half of the week, the increased holdings from these companies will still aim to hit new highs.
At the end of July, Ethereum also faced a pullback while approaching the 4000 mark, followed by a second test, and then by mid-August, it was close to a historical high. Therefore, pullbacks present opportunities for strong altcoin holders to enter.
In summary for the overall market, the trend has not been broken; adjustments are normal and represent an opportunity to get in before interest rate cuts.
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