Tonight Ethereum is destined to break 3500! Institutions are frantically buying 1.6 billion USD + ETF officially approved, technical aspects are exploding in all directions!
Brothers! Tonight is bound to be a sleepless night! Ethereum aims for the 3500 USD mark, with triple positive factors from technical, news, and capital sides creating a huge explosion. If you miss this wave, you might as well break your own leg!
1. Technical aspects: Bullish arrangement + surge in trading volume, the breakout is just the beginning!
Look at this chart! The 7-day moving average of Ethereum is firmly pressing down on the 30-day line, a typical 'bullish cannon' pattern! In the past two days, the price has been oscillating near the 3482 USD high, but trading volume continues to expand—indicating that the main force is secretly accumulating, just waiting for the final strike!
More importantly, once the psychological barrier of 3500 USD is broken, it will directly trigger short stop-loss orders, with a short-term target of 3700 USD or even higher!
2. News: Institutions are going crazy! ETF officially approved, 1.6 billion USD funds are sweeping Ethereum!
Major news 1: Ethereum spot ETF officially approved!
The US SEC has just allowed giants like BlackRock and Fidelity to launch Ethereum ETFs, completely opening the door for traditional capital! According to statistics, in the first week of July alone, net inflows into Ethereum-related funds exceeded 990 million USD, the fourth highest in history!
Major news 2: Corporate coin hoarding frenzy!
Meitu Inc. has a holding return of 145%, betting 65% of its position on Ethereum; BitMine mining company has crazily bought 160,000 ETH worth 500 million USD; SharpLink gaming company swept 240,000 ETH in three days, with total holdings exceeding 640 million USD!
Institutions are not bottom-fishing, they are grabbing the shares! For them, 3500 USD is just the starting point!
3. Market sentiment: Greed index is off the charts, retail investors are following the trend at the right time!
Latest data: The cryptocurrency fear and greed index is 79, with 1.25 billion USD liquidated in 24 hours, but 90% of it is short positions!
What does this mean? The shorts have been blown up, and the bulls are crazily buying! If you get in now, you will be the one riding in the sedan chair!
4. Operational advice: Should you act now or wait for a pullback?
Don’t hesitate! 3500 USD is not the endpoint, but the starting point!
Short-term players: After breaking 3500, chase the long positions directly, set stop-loss at 3450, target at 3700; long-term holders: Layer 2 project locked positions surged by 11.8%, with staking annualized returns over 30%+, positioning now equals laying down to earn!
What do you think? Feel free to leave a comment!
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