ETH Analysis

Last night I came across many articles praising ETH, claiming it is undervalued, the ecosystem is warming up, and Wall Street funds are frantically accumulating. ETH has indeed been very hot these past couple of days, and the price is climbing, seemingly confirming what these articles say. However, I think this is actually a trap set for us by institutions!

These institutional big shots, worth hundreds of millions, surely have a much higher understanding than I do. Back in April, when ETH was only 1500, I noticed Wall Street was already accumulating, and I spent two months writing articles, earnestly advising everyone to buy the dip. Now that ETH has reached 2800, they only just come out to say that Wall Street funds are flowing in to build positions? Isn't this obviously a call for us to chase the high, to lift them up, and to hand them the chips for their profit-taking?

Looking at the candlestick chart, ETH has indeed closed above 2500 for five consecutive weeks, and the weekly pattern looks very healthy, appearing to be on the verge of a rally. The monthly chart has also broken through, and pushing towards historical highs by the end of the year is not out of the question.

Even if you chase ETH now, you could make money, but it’s definitely not when the institutions just entered; they’ve been laying in wait for a long time. Their current loud calls are simply to use their influence to trick retail investors into taking over, because they might be holding a large number of bullish options, just waiting for us to lift them up!

For those already holding ETH spot, you can continue to hold in the medium term, don’t jump off easily. But if you see the news released by these institutions and think about rushing in to go long now, I advise you to stay calm and wait for a pullback before entering; it won't be too late. In this market, there needs to be real money continuously buying in or significant positive news landing for the price to continue to surge. Don’t rush into it all at once and become fodder!

As for the upcoming layout direction, I plan to help everyone look for profitable opportunities in those altcoins, expecting returns to multiply by ten times is not a problem. Like and comment, and I will help you layout the entire bull market!