The market is still correcting. Ethereum had previously dropped below $4,200, and when I wrote this, the price had basically returned. If it can hold above $4,200, the short-term trend will still be as I said yesterday—$4,200 has support, but short-term could break down.

Currently, the hourly K-line is still in a downward channel, especially the support at $4,200 is not strong. The area that can truly hold is around $3,600 below. So if this downward trend continues, the $4,000 level will likely be broken. From a technical perspective, Ethereum needs to rebound and stabilize above $4,400 to break this correction trend. To be honest, in the next few days, the bears still hold an advantage.

Currently, there are 900,000 Ethereum queued to exit staking, the highest since the transition to PoS mechanism. It is evident that investor panic is considerable, but it's different from the passive panic when prices drop; it's more about the fear of profit giving back.

On the other hand, several Ethereum strategy institutions are still buying continuously. For example, BNMR bought 370,000 this week, and SBET added 140,000. It's a typical situation where both sides look down on each other, but this time it's a struggle between big ETH holders and U.S. stock market institutions.

Although Ethereum is still in a correction, I still tend to be bullish. At least time is on our side. Why do I think there are great opportunities in the second half of the year? The key is that institutional funds from the U.S. stock market are buying Ethereum this time. Companies like BNMR and SBET, regardless of where they get their new funds, if they dare to buy, it means they are optimistic about Ethereum, which is equivalent to indirectly holding ETH.

I've seen this situation several times before, like during the Grayscale Trust and spot ETF periods—at that time, BTC's performance had already shown us the strength of U.S. stock market funds. Ethereum's current market value hasn't squeezed into the circle of mainstream tech companies, but it may make a push in the second half of the year.

As long as funds from the U.S. stock market continue to flow in, the target of 8,000 to 10,000 is still possible. The reason I keep mentioning 'U.S. stock market funds' is that for companies like BNMR and SBET, raising a few hundred billion in new financing is not a difficult task.

Lastly, I want to say that the crypto world is no longer in the wild days of years past; projects that can rise dozens of times are becoming rarer. Instead, after institutions entered, there are pitfalls everywhere, and operations are becoming increasingly difficult.

Ethereum is undoubtedly the most promising opportunity in the second half of the year and a potential path for big funds to double their investments. Of course, no one can guarantee success, but right now in the crypto world, I really can't find a more reliable target than Ethereum. I started buying below $3,000, with a cost of over $2,000, and I know many people have held on through the ups and downs. If the average selling price doesn't reach two to three times, to be honest, it would be disappointing.

After all, this is Ethereum.

#BitDigital转型 #Strategy增持比特币 #俄乌冲突即将结束？

Stay tuned: asr ogn bio

In the crypto world, there is no such thing as destiny; it's just that someone helps you break through that layer of window paper.

Previously, he was panicking when he was liquidated; now he follows my position model to roll contracts, only taking advantage of rebounds after the main force's sell-off—it's not.

The market is tough; it's you who keeps heavily investing in the wrong direction.