#ETHETFsApproved #BTC走势分析
On July 25th, the ETH/BTC exchange rate broke through the 0.03 threshold, setting a new record since February of this year. Behind this Ethereum comeback lie three major strategies:
1. BlackRock's heavy artillery clears the way
In a single day, 158,000 ETH (530 million USD) were purchased, as institutional funds flooded into Ethereum's spot ETF. Grayscale's selling pressure was instantly absorbed, and Wall Street is rewriting the game with real money.
2. Layer 2 Machine Gun Sweep
Ethereum's daily trading volume in the ecosystem has surpassed 4.5 million transactions, with DeFi's locked value consistently maintaining 110 billion USD. On-chain activities are crushing the Bitcoin network, and funds are voting with their feet towards ETH.
3. Technical Death Cross
ETH's weekly chart shows three consecutive bullish candles with an 18% surge, while BTC is stuck at the 60,000 mark. The exchange rate of 0.03 was a strong resistance level for three years, and after breaking, the target is aimed directly at 0.032 (November 2023 high).
Operational Strategy
Spot traders: Accumulate in batches below 0.0295
Hedging: Short BTC if it breaks 0.031
Warning line: If it falls back to 0.0285, stop loss is required
Historical trend: After the exchange rate breaks 0.03, ETH often leads the market up by 30% (Case: January 2023)
At this moment, the exchange rate is 0.0302, Ethereum is tearing apart Bitcoin's throne of dominance.
