王多鱼之散财童子
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Is it still possible to enter the Ethereum market?
In October, Ethereum has been on a strong upward trend, rising from around $4,000 to above $4,500, with an increase of about 13-17%. The beginning of the week was sluggish, but the latter half saw a rapid rebound, breaking through the $4,200-$4,500 resistance levels, forming a bull flag pattern, with increased trading volume indicating strong buying pressure.
Factors influencing this: Strong institutional staking demand (inflows from BlackRock/VanEck ETF), enhanced dominance of DeFi, increased accumulation by whales, heightened social sentiment, and a favorable macro environment (such as no risk of government shutdown) driving retail/institutional capital inflows.
Currently, it has broken through the 4600 resistance level but is facing selling pressure, with short-term pullback risks.
Short-term trading suggestion:
Position long near the 4430-4480 support points during pullbacks, with a target of 4600, and if broken, look for 4740.
Set stop-loss at: 4280#ETH
In October, Ethereum has been on a strong upward trend, rising from around $4,000 to above $4,500, with an increase of about 13-17%. The beginning of the week was sluggish, but the latter half saw a rapid rebound, breaking through the $4,200-$4,500 resistance levels, forming a bull flag pattern, with increased trading volume indicating strong buying pressure.
Factors influencing this: Strong institutional staking demand (inflows from BlackRock/VanEck ETF), enhanced dominance of DeFi, increased accumulation by whales, heightened social sentiment, and a favorable macro environment (such as no risk of government shutdown) driving retail/institutional capital inflows.
Currently, it has broken through the 4600 resistance level but is facing selling pressure, with short-term pullback risks.
Short-term trading suggestion:
Position long near the 4430-4480 support points during pullbacks, with a target of 4600, and if broken, look for 4740.
Set stop-loss at: 4280#ETH
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