This wave of the second pancake has surged so much from the bottom mainly due to these factors
Federal Reserve Chairman Powell has released dovish signals, strengthening expectations for a rate cut in September, and the market liquidity expectations are heating up
At the same time, the U.S. Congress passed the GENIUS Act stablecoin bill, and the regulatory attitude towards liquid staking tokens has softened, alleviating institutional compliance concerns
Hedge fund SharpLink Gaming purchased 320,000 ETH in a single day, with corporate treasury holdings exceeding $29.7 billion. ETF products like BlackRock have seen net inflows of over $280 million for several consecutive days, forming strong capital support
The price broke through the key resistance level of $4,800, triggering a programmatic trading buy signal, combined with a MACD golden cross on the 4-hour level, releasing concentrated short-term bullish sentiment
However, it is estimated that there will be a pullback to around $4,620, so brothers, don’t go long just yet
If you enter the market in this kind of situation, you might get stuck and find it hard to pinpoint the level. You might as well follow @永哥区块 ; bulls have their strategies, bears have their views, and together with Yong Ge, become the biggest winner
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