Wow! The surge of $ETH is insane, how to play in the future, let me tell you!
Now the current price of ETH has reached 3440 USD, today it surged directly to 3470 USD, with a 24-hour increase of over 8%, this momentum is like riding a rocket, it's too fierce!
Let's talk about market sentiment, the greed index has reached 74, still lingering in the greedy zone. However, the trading volume of derivatives has decreased, those leveraged long positions should not blindly chase high prices out of impulse, otherwise, it’s easy to get caught.
There are also significant movements on the institutional side. BlackRock's ETH trust received 6.4 million USD in a single day, but the overall spot ETF saw a net outflow of 38.79 million, this divergence is too obvious, it feels like there is no consensus among institutions. Moreover, on-chain monitoring has detected that 143,000 ETH has been transferred to exchanges, this potential selling pressure is not small, we need to keep an eye on it and not be caught off guard.
Let me share my operating thoughts with everyone, I will continue to go long. Near 3425, we can consider entering, first looking at the 3460 position. If it can successfully break through, then we will continue upwards to see the range of 3490 - 3530.
But I must say this upfront, this is just my personal opinion, everyone must set stop losses when operating, definitely do not hold positions. The market changes faster than flipping a book, being prudent is definitely the right move, don’t get impulsive, or else there will be no place to cry when the time comes!
Now the market has completed its correction, the altcoin bull market will start soon, I have carefully selected a cryptocurrency for everyone, expecting a growth space of over 10 times is not a problem, leave a message + like, free sharing!
