Last night, the price of Ethereum (ETH) strongly broke through the previous high point, setting a new stage high, reflecting a shift in market sentiment towards the positive. This breakthrough may be driven by the following factors: 1. Macroeconomic good news: Expectations for a Federal Reserve interest rate cut are rising, improving liquidity in the crypto market. 2. On-chain activities increase: The activity level of the Ethereum Layer 2 ecosystem is expected to rise, possibly accompanied by the launch of new protocols. 3. Technical buying pressure: Algorithmic trading and additional funds enter the market after a key resistance breakout. Key indicators Volume verification: An upward move requires sustained volume, while a spike on low volume should be regarded as a potential false breakout. BTC linkage: Pay attention to whether Bitcoin is strengthening in sync; if BTC is weak, it may drag down ETH. News: SEC's progress on ETH ETF, movements of whale addresses, etc. Operation Suggestions Short-term: Enter long positions after confirming support on a pullback, avoid chasing highs. Mid-line: After confirming the effectiveness of the breakthrough (such as stabilizing at a new high for 3 days), positions can be held for an upward trend. Risk Warning: This Friday's U.S. non-farm payroll data may trigger volatility, it is recommended to keep positions below 50%.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Market Review: #打榜优质内容#
Last night, the price of Ethereum (ETH) strongly broke through the previous high point, setting a new stage high, reflecting a shift in market sentiment towards the positive. This breakthrough may be driven by the following factors:
1. Macroeconomic good news: Expectations for a Federal Reserve interest rate cut are rising, improving liquidity in the crypto market.
2. On-chain activities increase: The activity level of the Ethereum Layer 2 ecosystem is expected to rise, possibly accompanied by the launch of new protocols.
3. Technical buying pressure: Algorithmic trading and additional funds enter the market after a key resistance breakout.
Key indicators
Volume verification: An upward move requires sustained volume, while a spike on low volume should be regarded as a potential false breakout.
BTC linkage: Pay attention to whether Bitcoin is strengthening in sync; if BTC is weak, it may drag down ETH.
News: SEC's progress on ETH ETF, movements of whale addresses, etc.
Operation Suggestions
Short-term: Enter long positions after confirming support on a pullback, avoid chasing highs.
Mid-line: After confirming the effectiveness of the breakthrough (such as stabilizing at a new high for 3 days), positions can be held for an upward trend.
Risk Warning: This Friday's U.S. non-farm payroll data may trigger volatility, it is recommended to keep positions below 50%.