#ETH

Ethereum (ETH) violently broke through $3,500, leaving shorts in a bloodbath!
LD Capital founder JackYi's prediction has come true again! A month ago, he accurately called that 'ETH will explode against shorts', and now ETH has strongly broken through $3,000, nearing the $3,500 mark, with short positions suffering massive losses! Market sentiment has ignited instantly, with FOMO (fear of missing out) spreading wildly, retail and institutional investors collectively rushing to buy, can ETH challenge $4,000?



Why did ETH suddenly surge? How were the shorts wiped out?

JackYi said a month ago that ETH would explode against shorts, and now it has come true! ETH surged from $3,000 to $3,500, leaving those who shorted with nothing left. Why is it so intense? Three reasons:

  • ETF Expectations: Those Wall Street guys are stirring up rumors that 'the Ethereum spot ETF will be approved', with large funds positioning themselves in advance.

  • Liquidity Easing: The Federal Reserve may cut interest rates in September, with more money looking for a place to go, ETH has become quite popular.

  • Whales Accumulating: A mysterious large holder bought 100,000 ETH (worth 350 million USD) in one go, likely an institution or a Middle Eastern tycoon.

Brother Lei's analysis:

  1. ETH Strong Surge:

    • ETH has seen significant gains recently, continuing to rise after breaking the $3,000 mark, partly due to institutional funds pouring into the Ethereum spot ETF, such as BlackRock's iShares Ethereum Trust (ETHA) with a daily inflow of $300 million.

    • The derivatives market shows a strong bullish sentiment, with options traders betting that ETH may challenge $5,000 or even higher before the end of the year.

  2. BTC Sideways vs. ETH Leading:

    • Bitcoin's recent performance has been stable, while ETH has become the market focus, with some funds possibly flowing from BTC to ETH.

    • Several US-listed companies (like SharpLink Gaming, BTCS) have significantly increased their holdings of ETH, further driving up the price.

  3. Market Volatility Intensifies:

    • Due to ETH's excessive short-term gains, some investors are choosing to take profits, leading to significant price fluctuations.

    • JackYi's strategy adjustments (deleveraging, holding spot) reflect the current market uncertainty, suitable for short-term risk aversion.

Brother Lei's summary:

  • If ETF inflows continue, ETH may challenge $3,500 or even higher.

  • But caution is needed regarding short-term pullback risks, especially the liquidation pressure on high-leverage traders.

JackYi's wait-and-see attitude indicates that the current market is at a critical turning point, and investors need to carefully assess risks before making decisions.

#BTC走势分析