$ETH Waiting for the Breaking Point: A Value Scan of Cryptocurrency Fuel Amidst Volatility
The MA7 and MA30 moving averages are almost parallel, and this kind of ECG-like volatile market, combined with a trading volume of 1.53 million, clearly indicates that the market is waiting for a breakout.
If tonight there’s positive macro news, such as a Bitcoin ETF suddenly being approved or inflation cooling down, it could ignite buying pressure to push it to 2500 at any moment;
However, if a regulatory black swan emerges, it could quickly slide towards the 2470 support level. The current price fluctuations resemble a collective holding of breath in the market, rather than a directional choice.
Speaking of ETH's solid foundation, the three major engines of DeFi, NFT, and smart contracts all rely on it for support, and the upgrade has further improved Gas fee efficiency, acting as a potential accelerator.
I share the same view as most veteran investors: short-term volatility is a classic move for major players to accumulate positions, and the real drama lies in the value re-evaluation post-upgrade.
Don’t be fooled by the current sideways trading; the daily real flow of billions of dollars in application funds on the Ethereum chain is a hundred times more substantial than any speculative altcoin.
Blindly going solo will never bring opportunities; follow me for insights on tenfold potential coins! Top-tier resources!