$ETH
Currently, Ethereum is in a high-level sideways state. Please watch the following content carefully to avoid missing out. My personal analysis suggests that it is difficult for Ethereum to drop below 3400 or 3000, so do not plan on going long on short positions.
Currently, there are many long positions piling up. The biggest bearish factor for Ethereum is that there are over 600,000 Ethers waiting to be released. BlackRock has been selling over 100,000 daily these past few days, and this kind of news is frequently reported in the crypto media, indicating an attempt to create a certain sentiment. Simply relying on news cannot achieve this purpose.
Do not be misled by the current fluctuations. A new round of market activity is about to begin. Many people in the square are focused on the 4100 position, calling it the peak, but in the eyes of the Golden Calculation God, this is not the end but rather the starting point of a new market trend.
Currently, Ethereum is repeatedly fluctuating in the daily level range of 3500 to 3770. In the short term, breaking through is indeed difficult; the pattern of a bull market has always been like this. When most people are still observing, the market has quietly started. Technical analysis shows that after breaking through 4100 USD, it will either start to rise or face a sharp drop. However, based on a comprehensive analysis of various factors, I firmly believe that the former is the more probable outcome.
Do not be trapped by the current fluctuations. Are you ready to keep up with the rhythm of the next wave of Ethereum market?
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