ETH is soaring, unstoppable!
The daily trend and exchange rate have strongly broken through, galloping ahead, reaching a high of 2834, just one step away from the 3000 mark! The late-night rallies over the past two days are impressive, marking ETH's independent market!
Watching ETH break through, my average holding price has increased from 2560 to 2661, a 5.5 times position increase, feeling great! But the volatility is too high, so I will stabilize for now and not increase my position! Looking at 3000 as resistance above and 2750 as support below.
Altcoins have truly shown a typical “falling but not rising” pattern, being mere shadows to ETH, and not taking profits in time has sent them back to square one. If altcoins rally again, remember to take profits in batches for safety!
With ETH's strong performance, can we achieve a quick victory?
If things continue as they are, ETH might peak and end within a few days, and altcoins may experience a “doomsday carnival” at most. The Ethereum DeFi space is the strongest but has a tendency to retrace, while other altcoins are in a rollercoaster mode, so be cautious when chasing highs!
Today's key focus: the official statement from the China-U.S. negotiations!
The talks concluded yesterday, and both sides reached a framework agreement, resolving issues regarding rare earth export restrictions, and plan to continue negotiations for a more comprehensive agreement before August 10. If there is an official statement today, it is likely to be released after the close of the major A-shares market at 15:00, so pay attention to the news;
Opportunities in altcoins should also focus on news stimuli, watching for significant good news to see if we can get a rally, with doomsday vehicles focusing on BCH and MOODENG;
