【】 Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9850662513 The long short game in the cryptocurrency market has never been so intense. On one hand, whales are crazily buying bottom, and on the other hand, a regulatory cold wave is hitting. Ethereum is standing at a crossroads of fate. Recently, four cryptocurrency "whales" swept through Ethereum worth $234 million within 24 hours. These large buying behaviors include withdrawing 21925 ETH from Kraken, receiving 13322 ETH from FalconX, and withdrawing large amounts of ETH from Binance and Bitget. These transactions are not individual investor behavior, but typical large-scale capital operations, indicating that smart money has never stopped accumulating ETH. On chain data shows a significant increase in whale activity in recent times. On September 15th, just four addresses accumulated purchases of ETH worth $234 million. One of the addresses starting with 0x9d2 extracted 21925 ETH from Kraken, worth approximately $102 million. Another address starting with 0x745 received 13322 ETH from FalconX, worth approximately $61.7 million. These operational techniques are becoming increasingly complex, evolving from simple spot buying to a comprehensive strategy that combines staking, leverage, and derivatives. At the same time, the US Securities and Exchange Commission (SEC) poured cold water on the market. The SEC announced an extension of the review period for Ethereum ETF applications from multiple institutions. The decision to provide staking functionality for the BlackRock Ethereum ETF has been postponed until October 30th. Similar applications from Fidelity and Franklin Templeton have been postponed until November 13th. The SEC has also postponed its decisions on XRP and Dogecoin ETFs, indicating its overall cautious attitude towards cryptocurrency ETFs. 【 03 Intense Long Short Game 】 The market is therefore in a state of intense long short game. Technical analysis shows that ETH is currently in a range oscillation state, with prices running between key support and resistance. The short-term moving average is downward but the long-term moving average is upward, and the trend signal is unclear. The market is waiting for further direction choices. $4500 has become a key psychological level, with support at $4400-4350 and resistance at $4550-4600. A legendary bear, despite losing $2.32 million, is still stubbornly shorting, holding 27000 ETH short positions with 25 times leverage. 【 04 Direction Decision Moment 】 Market analysts believe that ETH is at a critical moment of directional decision-making. Whale trading often coincides with periods of price volatility, such as large purchases during the 8% drop in ETH prices in April 2024. The ETH stock on the exchange has dropped to a multi-year low, reinforcing the bullish narrative of supply and demand imbalance. However, regulatory uncertainty still hangs like a sword of Damocles over the market. Market participants are closely monitoring a series of regulatory decisions in late October, which may serve as a catalyst for the next trend of ETH prices. The key resistance level is in the range of $4550-4600, and if it breaks through, it may open the way to $4800. The support area of $4400-4350 below is crucial, and if it falls, it may trigger a larger sell-off. The market is holding its breath as to where the fate of ETH will tilt. Operation suggestion: - BTC 115250 long first target watch 116550 second target watch 117765; ETH 4500 long, first target is 4560, second target is 4615. 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: 120320009032 Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.

[Three Swiss Banks Complete Cross-Bank Payment Pilot on Ethereum] Swiss banks America, PostFinance, and Sygnum have successfully completed a cross-bank payment pilot on the Ethereum public blockchain, utilizing Deposit Tokens to achieve legal interbank settlements and eliminate reliance on traditional payment systems. The pilot included peer-to-peer payments between customers and the exchange of Deposit Tokens with assets, verifying the feasibility of this technology on both legal and technical levels. In the next phase, the project will further attract more banks, financial infrastructure providers, and regulatory institutions to explore its potential for larger-scale applications.

[Stablecore Raises $20 Million in Funding, Led by Norwest] Stablecoin solutions provider Stablecore has raised $20 million in funding, led by Norwest with participation from Coinbase Ventures and others. Stablecore offers stablecoin and digital asset solutions for community banks and credit unions, enabling integration with existing banking systems without requiring changes to the underlying technology infrastructure.

The service allows customers to buy, sell and hold five popular cryptocurrencies: BTC, ETH, LTC, MATIC and ADA.

Mark Newton sees ether dips toward $4,375 as buying opportunities before a rally, while recent trading shows heavy selling, sharp rebounds, and a key support test.