🚀#以太 The surge breaks the 5000 position barrier, a new round of market trends may be about to begin???
$ETH Today's performance is simply outstanding, the current price has reached 4,794, just 2.2% away from the historical high of 4,877! A 24-hour surge of 9.53%, with a trading volume of up to 62.6 billion USD. The spot ETF has attracted 1 billion USD in a single day, setting a new historical record.
ETH has been strengthening recently, mainly due to three strong forces supporting it:
① Regulatory friendliness — US policies have clearly relaxed, and the SEC's attitude is mild.
② Technical upgrades — The Pectra upgrade accelerates network performance, making Ethereum more robust.
③ Institutional backing — BlackRock has cumulatively invested 318.7 million USD, and ETF net inflows have surged to 523 million USD.
From a technical perspective, MACD remains bullish, but RSI has already soared to 78, which is in the overbought zone. Key levels are at the 4,650 support level and the 4,877 resistance level. After a breakout, I tend to take a light long position, but the stop-loss must be set below the 4,500 position to prevent a pullback.
💥 Remember! Defense cannot be ignored — 297 million USD of long and short positions have been liquidated, and there may be significant volatility in the short term. I also remind everyone to manage their positions well and not to get thrown off by the market.
Personal judgment: This wave should not have a problem breaking the historical high, but if it really wants to surge to the 5000-6500 range predicted by institutions, it may need a healthy pullback to build momentum along the way. In the short term, focus on breakouts, and in the long term, look for the second wave of the bull market to start.
In the future, pay special attention to tokens under the Ethereum ecosystem, and I will also select strong altcoins to ambush. If there’s a suitable entry point, I will notify internally at the first opportunity!!!#牛市季来临
