Click on the link to enter the live stream: https://meeting.tencent.com/p/9850662513
Good evening everyone, I am your Da Bin teacher!
I checked the data and found that there hasn't been any change in the fundamentals of ETH, but from the perspective of ETH holdings, holding over 1.000 ETH in high net worth.
Investors have been buying in large quantities since early November 2024, and for a long period of time, they have been trapped, but there is no sign of outflow. Instead, they are buying more and more as the market falls.
Small scale investors with holdings of less than 1.000 ETH have almost always been selling this year. From falling below $3.300 in early February this year, it can be seen that small-scale investors have had a small amount of bottom buying, but now they have mostly left the market.
Overall, ETH is still highly correlated with Russell 2000, while in terms of direction, it is strongly correlated with BTC and the S&P 500. Ethereum has been covering up Bitcoin's initial decline yesterday, and then it began to collapse, directly leading to the collapse of altcoins. Currently, Ethereum's 4-hour trend has fallen below, and its 6-hour trend has also fallen below. The 8-hour support level below is $2426, and there is also a 2400 integer level. Here, you can pay attention to whether it can stabilize and buy at the bottom. The rebound pressure range above is 2523-2543. Pay attention to taking profits during the rebound, or buy short orders with good stop loss.
At present, BTC is forming a cross star on the 2-hour cycle K-line, and the market sentiment is uncertain. The distribution of chips shows that there is a significant concentration of chips near 103000, with strong support and only 0.10% from the current price, indicating limited downward space. Combined with the MACD golden cross signal, upward momentum is accumulating. Meanwhile, the price continues to run above the EMA24 and EMA52 moving averages, with RSI breaking through the upward trend line and the bullish pattern remaining unchanged. The distribution of chips reveals that 104000 is a recent resistance, but the probability of breakthrough is relatively high.
Enter the live broadcast room to unlock the distribution of core chips, grasp the main trends, and accurately predict turning points!
Operation suggestion:
BTC102500 long first target to see 103500 second target to see 106000
ETH 2430 long first target to see 2500 second target to see 2580
Join the language community communication group to obtain more services
1. Real time troubleshooting (online one-on-one question answering and sorting)
2. Professional technical analysis and theoretical learning
3. Construction and improvement of trading system
4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land!
Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance.
Tencent Meeting Live: 985-066-2513
DingTalk Group Number: 105935015698
Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance.
Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.
