At the White House crypto summit, with a single executive order, he established a 'strategic Bitcoin reserve' and included ETH, XRP, and others into the national digital asset repository. What does this mean? It's equivalent to giving ETH an official 'gold certification,' a solid national endorsement!
Institutional funds are going crazy. Since the ETH ETF was approved in May, ETPs and listed companies have been frantically buying, hoarding 2.83 million ETH, with a market cap exceeding $10 billion! Supply and demand are extremely imbalanced: demand for 5.33 million ETH in the coming year, with new supply only at 800,000, demand is seven times supply! Big whales are not holding back either, sweeping up 20,300 ETH in just ten days, depositing them in Aave and Compound to earn interest; capital is already ahead, while retail investors are still hesitating.
Trump's calculations are clear: he wants to tie ETH into the dollar hegemony and create a new system of 'digital gold + stablecoin.' The U.S. Treasury has even included BTC and ETH in the national balance sheet—this is no longer just a retail gamble, but a national-level financial weapon!
Looking at the Fed again. Powell sounded hawkish on August 19, and market expectations of rate cuts changed from four to two, causing ETH to plummet 5%. Short-term bearish sentiment is pressuring the market, with tech stocks like the Nasdaq dropping 1.5% in a day, naturally pulling the crypto market down as well. However, in the long run, even with slow rate cuts, a 25 basis point easing can still support risk assets. BTC once surged to $120,000 based on rate cut expectations; ETH's rebound is just getting started!
The technicals look promising. ETH has formed a 'golden pit' at $4206, with the middle line of the Bollinger Bands at $4279 being the lifeline. Currently fluctuating around $4300, it's a life-and-death battle between bulls and bears! Support level at $4206, resistance level at $4386; once broken, it will resonate with 'Bollinger Bands expansion + RSI overbought,' targeting straight for $5000!
Key moment: Powell's speech on August 22. If he sounds dovish, ETH could directly break $4386! Meanwhile, L2 projects like Arbitrum and Optimism may see a coordinated surge, with funds rapidly flowing from BTC into the ETH ecosystem.
Final reminder: volatility is at its peak, with a contract collapsing $700 million in a day; spot trading is the way to go! Trump's 'digital reserve' dividend is still in play, and the Fed's interference is just a short-term fluctuation. $4300 is the dividing line between bulls and bears. Opportunities are only for those who dare to act!
Is the market bouncing around confusedly? Stuck and unsure how to get out? Even feeling like your operations are being misled? Don't hold back, come chat with me, and I'll help you sort out your thoughts~
Keep an eye on: $BTC $ETH $SOL SAPIEN MEME BAN DOLO
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