Looking back at what Cheng Ge analyzed for everyone yesterday regarding Ethereum, the swing trading completely met my expectations. Buying below 4400, with targets of 4550-4600 all achieved as anticipated. We are currently at a critical moment, so pay attention to Cheng Ge's short-term trading analysis!
Fundamentals: Institutional funds continue to flow in, Bitmine holds 1.5 million Ethereum, Grayscale holds 2 million, BlackRock holds 3.6 million, and Standard Chartered Bank analyzes that by the end of 2025, the amount held by institutions may reach 10% of the total supply, further indicating a consistent optimism for the future of Ethereum! Current spot holders need not panic!
Currently, Cheng Ge's advice is that the resistance level for Ethereum is at 4600. If it breaks through 4600 and holds, we can look forward to 4700. One can consider opening a small position to go long at the 4500-4550 level, targeting 4650-4800. If it rebounds to around 4800, one can take profits and exit, waiting to re-enter after a pullback.
For long-term spot holders, one can gradually increase positions below 4500, aiming to hold for targets of 5000-5200. If interest rates are lowered and non-farm data is consistently positive, it will trigger further upward potential! $ETH #特朗普罢免美联储理事库克 #美联储降息预期