Three Arrows Capital rushes into Ethereum, will Bitcoin rebound?

Rebound,

In the next wave of altcoins explosion, these coins will be at the forefront and must be paid attention to.

BTC is about to hit the support of 95500. At 956, it can rebound. The first target is 972. If it can't go up, take profit. If it breaks through strongly, take loss when it goes up, and continue to be bullish.

Analysis of the beneficiary currencies under the background of Ethereum upgrade and Three Arrows Capital’s increase in holdings

1. Layer 2 track: directly benefiting from Ethereum performance upgrade

  1. $OP（Optimism）

    • Reason: As the mainstream Rollup solution for Ethereum, Optimism improves efficiency by batch processing of off-chain transactions. The network performance optimization after Ethereum upgrade will strengthen its technical synergy, and its governance token OP has seen a 250% increase in the historical upgrade cycle68.

    • Catalyst: If Layer2 transaction volume surges after the April upgrade, OP as a leading project will attract capital inflow.

Two, Staking and Infrastructure: Core targets under the deepening PoS mechanism

  1. $LDO (Lido DAO)

    • Reason: As the largest staking service provider for Ethereum, holding over 4.15 million ETH staking shares. If ETH prices break new highs, its staking yield and governance token value will rise in sync.

    • Potential good news: If the ETH ETF staking function is approved, Lido may become the preferred choice for institutional collaboration.

  2. $ENS (Ethereum Name Service)

    • Reason: Ethereum domain service is deeply tied to the demand for ETF transparency. Bitwise has announced validation of ETH holdings through ENS, promoting it to become the core infrastructure of 'on-chain identity'.

    • Technical aspect: The MACD indicator shows bullish momentum; after breaking resistance, it may hit $34.

Three, DeFi Leaders: Direct beneficiaries of ecosystem prosperity

  1. $UNI (Uniswap)

    • Reason: Leading decentralized exchange, highly positively correlated with ETH prices (correlation coefficient 0.89). Recently, whales have been continuously accumulating, and technical indicators show rebound potential.

    • Expected increase: If ETH breaks through $4000, UNI may return above $10.

  2. $AAVE

    • Reason: Benchmark lending protocol, recently a whale bought 35,000 AAVE (worth $9.04 million) 25 times, reflecting institutional long-term bets on the DeFi yield track.

Four, Meme and Emerging Tracks: Sentiment and Capital Overflow Effect

  1. $PEPE

    • Reason: A leading Meme coin based on Ethereum, recently broke through the descending channel, and the RSI indicator shows bullish momentum. If ETH rises and drives market risk appetite, PEPE may replicate a 40% increase seen in the 'merge market' of 2022.

  2. $ONDO (RWA track)

    • Reason: A real asset tokenization protocol integrated with the Ethereum ecosystem, recently saw a whale purchase of 2.75 million tokens ($3.74 million), reflecting recognition of the trend of compliant assets being put on-chain.

Doug has entered the market.

AAVE and UNI don't need to be mentioned, Doug has always been.

Let's talk about today's achievements. Before Three Arrows Capital entered, Ethereum showed signs of rebound. Originally wanted to take everyone for a short wave and leave.

Now I can only continue to hold.

While Floki also broke through minor level rebound resistance, it will lead to a new round of bullish market.

First target x

Wants such passwords, Doug will continue to research and share.

A little attention

#三箭资本 #ETH🔥🔥🔥🔥🔥🔥