The trend of ETH is already very obvious! Institutions and big players have long positioned themselves in advance, and 5000 may just be the starting point!
On the technical side, there are no signs of a downturn visible on the daily and 4-hour charts; bears have no chance at all right now.
On-chain data is even more direct; big players are all going long, and the flow of main funds clearly indicates a bullish trend. At this time, going against the bears means either getting trapped or cutting losses. The previous sell-off at 5000 by $ETH was actually a tactic to shake out retail investors; during the consolidation phase, market sentiment collapsed. When negative news came out, the bears thought they had a chance, but in the end, a significant positive news came in, directly harvesting the bears. This is how the main players exploit human psychology, cutting down what you think is rational judgment.
Now, the trend of ETH has completely changed; negative news is just a performance, while positive news is the real deal. Once market sentiment is pushed to the extreme and the news is cleaned up, a large bullish candle will take off directly, leaving the bears with no time to react before getting liquidated.
Next month's interest rate cut is not just a macroeconomic policy; it is also a catalyst that will boost ETH. At that time, even a little positive news can send ETH to new heights; 5000 is not a problem. The key is whether you dare to get on board before the take-off.
In short, this wave of ETH is really about to take off, and bears should be prepared to be buried. I will be preparing for a big move in the upcoming market; believers need not say much, just come if you agree. This round of bull market will yield abundant returns!
