$ETH
Cannot empty Ethereum, maybe it really will reach a new high
From the perspective of capital flow, ETFs have shown a net inflow for 12 consecutive days
Behind this may be institutions laying out plans, preparing to make big moves. Their continued entry indicates optimism about the future trend of the crypto market, especially Ethereum, which may become a key focus of their layout.
After all, whether it's engaging in finance (DeFi) or playing with digital collectibles (NFTs), it is indispensable
From a comprehensive analysis of technical and capital aspects
The upward trend of Ethereum has not changed
If this situation continues to develop, Ethereum might really break through its previous high and set a new price record.
In the current market environment, I really do not recommend shorting Ethereum anymore, but it is still possible to take advantage of short-term fluctuations
Short-term focus:
Support level:
2450-2500 range (a key area tested multiple times recently), if effectively broken, it may drop below 2400
Resistance level:
2650-2700, recent rebound highs and channel upper resistance, breaking through may see highs around 2780-2850
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