#ETH Yesterday while listening to Brother Hu's fans $ETH at 1755 talking about going long, the lowest was 1742, with a target of seeing 1815, I have already taken profits with a gain of 4.37%. Haven't enjoyed it yet?
Brother Hu's three core logic for going long on Ethereum:
1. Technical breakout at a key level
Current price stabilizing above $1800, daily level breaks the "ascending triangle" consolidation pattern (the fluctuation range of $1742-$1830 in the chart), combined with a volume increase of 10.93%, forming a typical bullish breakout signal. 4-hour MACD shows a bullish crossover below zero, with strong short-term momentum.
2. Ecological explosion catalyzing valuation reconstruction
By Q1 2025, the total locked amount of Ethereum L2 networks will exceed $300 billion, and Uniswap V4 will officially activate the Hooks mechanism, driving DeFi derivative trading volume to surge by 270% in a single month. The prosperity of the ecosystem directly enhances the rigid demand for ETH as a "fuel token."
3. Regulatory dividend release
The US SEC approved the first spot Ethereum ETF on April 28, with institutions like BlackRock net purchasing over 83,000 ETH in a single day. Coupled with the European Central Bank's announcement to include ETH in foreign exchange reserve assets, it forms a dual-driven policy and capital approach.
Personal reminder: Pay attention to the support at the neckline of $1750; if it breaks below, be wary of short-term profit-taking pressure.
Want to double your account, want to enjoy big profits, want to successfully recover your costs
Stay close to Brother Hu and position yourself ahead of the main bull market wave!