Ethereum skyrocketed by 150 billion in 15 days! The Trump family is frantically buying, while shorts are 'liquidated' by 30 billion. Is the bull market really here?
On July 21, Ethereum (ETH) hit a price of $3,738, soaring over 4% in a single day, with a market cap exceeding 3.24 trillion yuan, having skyrocketed by $150 billion since early July! Behind this frenzy, the Trump family was reported to have purchased 21.5 million ETH, while short positions faced 'precision bombings', resulting in liquidations exceeding $1.7 billion in a single day. Is this epic market a 'sunny strategy' manipulated by institutions, or the true starting point of the bull market?
1. The Trump family purchased 21.5 million ETH, making the political family the largest 'whale'?
Recently, major news broke in the crypto industry: The Trump family has accumulated 21.5 million ETH (approximately 54 billion yuan) through multiple whale addresses, setting a record for the largest single purchase by an institution. Cross-verified data shows that during the Trump family's operations, the net outflow of ETH from exchanges surged, with large amounts of funds moving into private wallets, suspected to be their holding addresses.
This action is linked to Trump's announcement of 'the U.S. cryptocurrency strategic reserve to include ETH' in March 2025. Analysts point out that the Trump family may be employing a dual strategy of 'policy expectations + physical holdings' to hedge against dollar depreciation risks while securing a position in the asset discourse of the Web 3.0 era.
2. Shorts faced 'precision bombing', with $1.7 billion in liquidations triggering a short squeeze.
'As long as shorts exist, bulls will not stop'—another driving force behind this surge is the collective collapse of shorts.
According to CryptoQuant data, from July 16 to 21, short positions in ETH surged above $3,500, with open contracts soaring to levels seen in early July. However, as news of Trump's increased holdings spread, bulls utilized on-chain funding advantages to launch a 'short squeeze':
Key breakthrough: On July 19, the price of ETH strongly broke through the downward trend line (purple line), recovering $3,500 in a single day;
Fibonacci support: The price found strong support at the 50.5% retracement level ($3,672), coinciding closely with the Trump family's holding cost area;
Trading volume increased: 24-hour trading volume reached 330.6 billion yuan, indicating continued inflow of institutional funds.
Ultimately, shorts faced liquidations exceeding $1.7 billion in a single day, with some leveraged funds forced to close positions, further driving up prices and creating a positive feedback loop of 'short squeeze → price increase → more shorts liquidated'.
3. Technical 'watershed' confirmed, $3,826 becomes the battleground for bulls and bears.
From the candlestick chart, ETH has confirmed its entry into the 'third phase of the bull market':
Trendline breakthrough: After the price broke through the downward trend line, the upward trend line (yellow line) became new support;
Key node breakthrough: On July 21, ETH broke through the historical high of $3,826, which was the peak during the bull market in 2021;
Volume-price coordination: Trading volume significantly increased at the breakout, indicating 'real money' entering the market rather than a false rally.
Analyst Meg Kaspar predicts: 'ETH will reach $5,000 within the year, the current $3,738 is just the starting point.' However, caution is needed: if the price falls below $3,476, it may trigger profit-taking.
Personal opinion: The bull market has arrived, but the era of 'quick money' is over.
Combining technical and fundamental aspects, ETH's current surge has sustainability:
In my view, the current trend of ETH leaves everyone puzzled. From midnight to the present, a crocodile mouth contraction has formed. If it can break through the top of the box, the judge predicts it will soar to $3,850. Next, we will see if it can stabilize at $3,850. If it can stabilize, it is likely to break through the strong resistance at $3,900 again. In another scenario, if it breaks below the box, it could fall to a support level of $3,700. If that support fails, it may drop to the strong support at $3,650. Specific support and resistance levels are detailed in the judge's introduction!!!
However, it should be noted: 2025 will no longer be the era of 'easy profits'. Recommendations for retail investors:
Focus on regular investments: Buy in batches to avoid chasing highs;
Focus on ecology: Layout leading DeFi and NFT projects (such as Aave, Blur);
Ethereum's $150 billion surge is both a 'sunny strategy' of institutional games and a 'trumpet' of technological revolution. When the Trump family faces off against shorts in a trillion-dollar showdown, and the candlestick chart breaks through a decade-long resistance level, a new era belonging to Web 3.0 may have quietly begun.
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