If Ethereum breaks through the historical high of 4800: A value leap ready to take off
When historical resistance becomes new support, the true journey of Ethereum's stars and seas begins.
I. The Reenactment of Historical Scripts: The Revelation of 1440 After Ethereum reached a high of $1440 in 2018, this number seemed out of reach during the bear market. But the story after the breakthrough in 2020 is shocking: **1440 not only transformed into a strong support level but also became a springboard to reach the peak of 4800**. On-chain data reveals the truth: - **Realized Price Distribution (URPD)** shows: the 1440 area once gathered a large amount of chips, and during the breakthrough in 2020, there was sufficient turnover, and after the selling pressure was cleared, a 'value consensus bottom' was naturally formed;
$ETH To be honest, I don't like FOMO But in a bull market, we don't talk about the peak. Over the past two days, from a technical perspective, I reviewed the weekly levels of Ethereum, including the exchange rate of Ethereum to Bitcoin.
Let's predict the peak price of Ethereum in this round. According to the breakout of the main rising wave exchange rate in the bull market, assuming Bitcoin is at 150,000, then the price of Ethereum would be around 8,000-12,000.
Next, let's meet at the peak. Also, I welcome anyone to call me out.
He spent billions buying Ethereum, saying $4,000 is the bottom
Written by: Lin Wanwan, Rhythm
Editor’s Note: BitMine recently increased its Ethereum holdings to 1.5 million coins, totaling approximately $6.6 billion, briefly surpassing SharpLink to become the world's largest ETH treasury. However, alongside the decline of ETH, the company's stock price also came under pressure. Meanwhile, leader Tom Lee predicts that the ETH price may first drop to $4,075 before rebounding to $5,100. Thus, a key question arises: why has the pricing power of Ethereum shifted to Wall Street capital? In this regard, Rhythm BlockBeats previously provided a tentative answer in an article on August 12.
$BTC The pancake doesn't have much to say, just looking at it makes you not want to look. If the 4-hour level breaks effectively at 112500 here, support below is at 111888-110600-109800, with the extreme at 109150. If it stands firm at 113630, the target is up to 114700-115700-116800
Most people watch 13 during the Spring Festival Resulting in a direct weekly pullback 🤧 I lost a lot in the first half of the year
莫立夏
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✍🏽Knocking on my own forehead, I need to get rid of the bad habit of making random predictions Yes, drawing lines shows that we can see above 130,000 But the main players obviously won't operate according to the wishes of the majority of retail investors The long and short data behind the screen is clear at a glance What did Zimo say about a type of trading behavior? It's called the trader effect The more people follow it, the more the win rate will be significantly discounted
Being overly clever and losing direction in the twists and turns Instead, the truly wise will achieve results in the end
Follow the trend, follow the big shots🥷 No matter how strong, can it be stronger than capital?
The market's stumbling decline is uncomfortable for both bulls and bears
莫立夏
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Hehehe The secondary support at 4222 has been broken on the daily line... It's a bit far from the 4-hour lower support
Personal opinion, $ETH 4 has to return above 4256 on the hourly level After a double bottom is established, entering long is relatively safe Or wait for the lower support to be touched for the first time and combine it with the small level bottom structure to enter long, stop loss must be included
From the daily perspective, 4222 is not stable 3960 is also not impossible
This market is suitable for saying less and reading more I can't even type fast enough and the market has already passed...
The market's staggering decline really makes it easy to trap people.
莫立夏
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Hehehe The secondary support at 4222 has been broken on the daily line... It's a bit far from the 4-hour lower support
Personal opinion, $ETH 4 has to return above 4256 on the hourly level After a double bottom is established, entering long is relatively safe Or wait for the lower support to be touched for the first time and combine it with the small level bottom structure to enter long, stop loss must be included
From the daily perspective, 4222 is not stable 3960 is also not impossible
This market is suitable for saying less and reading more I can't even type fast enough and the market has already passed...
The last time Ethereum retraced to 3350 A bunch of analysts were shouting that it would break 3000 or even 2800 Then everyone missed out 🤪
莫立夏
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109000 has not broken 75000 has been called out Does it make sense? Can you short and hit 75000 in one go? Is it a tongue-twisting competition... Block one and bring in another
Reviewing the market of last night $ETH , although the 4-hour level closed above the blue dashed line point A, it did not firmly hold above 4465 during the pullback, and the rebound also did not return above point A, so it will continue to decline and follow path three.
At noon, it broke the left high of 4329 again. If it closes back above 4382, it will be a false breakout, and we can look for a rebound. If the pullback does not return, it will continue to decline.
Yesterday, it was mentioned that the daily level has completed the upward wave 5 and is starting to form a top structure. Pay close attention to whether the closing line on Wednesday morning can show a stop-loss signal for point A. If it closes above 4470, we will continue to look up at 4600. After all, we are starting to form a top structure, so don't be too aggressive with long positions.
🗳️🗳️ Pay attention to 2 AM on the 21st, when the Federal Reserve will announce the minutes of the monetary policy meeting.
Actually, a long time ago There was a square over there in the sesame area when Binance didn't exist yet. Which people, what deeds, I basically know a bit 🤪
莫立夏
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The square these days is like a duck farm Romantic scenes, self-heroic scenes, others' incompetence scenes Quack quack quack, my head hurts Everything is turned off 🤪
Yesterday's short position of 124100, short position of 4766 Take profit and switch to long position, 🤧 (Yesterday during the day, the basis of the big pie was a bit large, Delta, rsi, ao were all diverging)
莫立夏
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The pancake has also pulled back, if the blue line holds, continue looking up at $BTC
Unless something unexpected happens, haha, as soon as I'm called out, I immediately block them. I'll practice more cooking, even if my brothers lose out chasing after it, I still won't admit it, and I can't even scold them, procurement.