Brothers, heavy news is here! Bloomberg has just revealed that Trump is about to sign an executive order allowing U.S. 401(k) pensions to buy cryptocurrencies! This move directly gives the crypto space a 'golden gift package', and ETH instantly becomes the most attractive one! Today, let’s break it down in simple terms - how explosive is this news? How high can ETH go? What will the future market look like?
1. Policy nuclear bomb-level benefits, is a flood of funds coming?
Trump's move can be called a 'king bomb'! The scale of U.S. pensions exceeds $7 trillion, even a 1% inflow into the crypto space would be a hundred billion-level increase. Back when he allowed pensions to invest in private equity during his term, Wall Street went crazy for it, and now it’s the turn of cryptocurrencies to reap the benefits! Biden previously blocked it, but now Trump is returning to 'unblock' it, clearly aiming to establish the crypto space as a mainstream asset.
2. How high can ETH fly in the short term?
Technical and funding aspects are both booming! Once the news broke, ETH immediately surged from $3650 to $3820, and the main funds are crazily buying. If the policy is implemented, the short-term first target is $4000-$4200 (previous high resistance level); if it breaks through, $4000 won't be a dream! But be aware, during the news hype period, there may be profit-taking that could lead to a drop; a pullback to $3600 that doesn't break is a buying opportunity.
3. Three key points for the future market
Speed of policy implementation: If Trump signs quickly, ETH could experience a 'rocket market'; if it drags to September, market sentiment will cool down.
Institutional moves: Big players like BlackRock and Fidelity have already positioned themselves in the pension market. Once they step in to buy, ETH might start a long bull run.
Market linkage: If Bitcoin stabilizes at $120,000, ETH will be even crazier; if the U.S. stock market crashes, the crypto space also needs to be cautious.
4. Retail investor operation guide
Short-term traders: Keep an eye on the $3600 resistance level; a volume breakout can be chased, while a decrease in volume means waiting for a pullback.
Long-term investors: The entry of pensions is a decade-level benefit, hold onto the spot, don't get shaken out!
Risk warning: Don’t go all in! Regulatory details are still pending, be cautious of the 'buy the expectation, sell the facts' trap.
Ending bombshell:
If this wave of market sees ETH surge to $4200, everyone present will be 'witnesses to the pension bull market'! But remember - no matter how explosive the news, it’s essential to look at the K-line; if you make a profit, don’t forget to give Ears a thumbs up!
I’m Ears, guiding you through the fog of the crypto space to seize hardcore opportunities! Give a follow, we’ll keep a close watch on crypto opportunities amid the trade war storm! What you lack is not luck, but Ears’ top team!
