Trump's tariffs hit hard! The truth behind ETH's surge is revealed, with mysterious signals appearing in candlesticks!
The crypto community is in an uproar! Trump just announced tariffs of 15%-50% on most countries, and ETH prices actually surged against the trend! Behind this 'tariff market', is it a main player washout or a bull market signal? The blogger takes you to analyze the candlestick language and reveal the truth behind the surge!
1. Trump's tariff 'nuclear bomb' detonates the market, but ETH surges against the trend?
Recently, Trump dropped a heavy bomb: imposing tariffs of up to 50% on many countries worldwide! Generally, an escalation of the trade war should trigger risk aversion, but ETH performed a 'deep V rebound'—after plummeting to $3527 in the morning session, it surged to $3644 within 4 hours, a rise of over 3%!
Why is 'bad news fully priced in a good opportunity'?
Tariffs implemented, uncertainty eliminated: The market has already desensitized to Trump's 'hit while talking' strategy, and after bad news is priced in, funds are flipping to go long.
Ethereum upgrade catalyst: After the Dencun upgrade, transaction fees plummeted, and staking yield exceeded 5%, attracting institutional funds to enter.
Bitcoin linkage effect: BTC stabilizes at the $118,000 mark, driving an overall recovery in altcoins.
2. Candlestick shows a 'golden pit'! Technical indicators suggest a prelude to a surge?
From two mysterious candlestick charts, see through the intentions of the main players:
Daily 'double bottom' pattern:
On July 23, ETH fell to $3527 (a key support level), forming a 'double bottom' with the June low, and shrinking volume suggests exhaustion of selling pressure.
On July 24, it broke through the resistance level of $3650 with strong volume, MACD golden cross + RSI breaking 50, a strong return of bulls!
4-hour 'flag pattern':
After the morning plunge, the candlestick formed a 'flag pattern' structure, with solid support at $3570, and the main players likely used the tariff news for a washout!
Trading volume 'plummets and shrinks, rebounds and expands', a typical accumulation characteristic, with the next target directly aiming at $3800!
3. Trump's tariffs are a 'double-edged sword': short-term bearish, long-term bullish?
Short-term volatility:
If multiple countries retaliate globally, US stocks may be under pressure, triggering a chain reaction in the crypto market, and ETH may retest the support level of $3570.
Long-term bullish:
Inflation hedging demand: Tariffs push prices up, and ETH's 'digital gold' attributes are highlighted, possibly accelerating institutional allocation.
Dollar hegemony shaken: Many countries seek 'de-dollarization', and blockchain technology becomes the key to breaking through, causing Ethereum's ecological value to soar!
4. Jin Zhu's exclusive view: Is ETH aiming for $4000? Operating strategy revealed.
Technical analysis: Daily 'double bottom' + weekly 'ascending triangle', a breakout is imminent!
Fundamentals: Staked locked volume exceeds 30%, actual circulating supply decreases, making it easy to rise but difficult to fall.
News: Trump's tariffs may become a 'paper tiger', with market sentiment overreacting.
Aggressive: Entering lightly at the current price of $3644, stop loss at $3570, target $3700-$3800.
Conservative: Gradually building positions in the $3570-$3600 range, holding long-term with a target of $4000.
If it falls below $3570, the trend will reverse, and decisive stop losses are needed! Pay attention to specific support and resistance levels in the summary section!
The Jin Zhu team’s private sector layout, exclusive segment strategy! Low-multiple stable start to doubling market, assisting you in steady layout and precise realization #稳定币监管风暴 #ETH