Today, I would like to share my views on the future of Ethereum and the ecosystem beneath it. 🫡

Ethereum is less than three points away from its historical high. As it approaches this historical new high, what should be done is to reduce at least half of the position and wait to see if it can break through and stabilize for a continued rise, or if it breaks the high and then immediately drops (like when BTC broke its 69k high).

After breaking the new high, the upward space is unimaginable. 8,000? 10,000? Both are possible!

I have marked three points below: 4370-4150-4010.

The Ethereum ecosystem that I am most optimistic about: $LDO .

Reason: Looking at the third chart's candlestick, the weekly chart is encountering strong resistance at the Vegas channel + trend line, leading to a pullback. The pullback has reached the strongest support range, and the current position seems quite good. Spot purchases can be made in batches.

The trend is very standard. After the Ethereum weekly candlestick opened, the support and resistance became very evident. This is a typical sign that there is still capital in the market, and the whales have not given up on this coin. Moreover, Ethereum is already close to a new high. Small funds chasing Ethereum profits may not yield much. Yesterday, LDO announced a buyback, which might be a sign that the whales have accumulated enough to prepare for a pump!

There is no target position; it’s just a bet on the subsequent rise of Ethereum and the continuation of the Ethereum ecosystem!