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It is rare to see ETH spot ETF data better than BTC spot ETF. Yesterday, BlackRock and Fidelity both had net inflows exceeding five digits, while Grayscale and Bitwise also had net inflows exceeding four digits. Other US ETFs were also zero. For now, investors' interest in ETH has increased, but we still need to wait until the mid week data is released before making a decision.
After all, ETH was very hard a while ago, and recently its price has dropped a bit. Currently, the sentiment of American investors is not very optimistic, and the trend of the US stock market is not very good. Let's wait until mid week to see. Recently, the ETH market has experienced a thrilling storm of volatility. In just a few minutes, it plummeted from about 2800 to 2450, a drop of up to 5%, followed by a partial rebound. As of the latest time slot, it was reported at 2505.54, but overall market sentiment remains sluggish. On the news front, not only have continuous regulatory developments and policy uncertainties shaken market confidence, but several heavyweight traders have also experienced chain panic selling due to high leverage positions being liquidated or forced to liquidate. This series of events collectively led to extreme fluctuations in ETH prices in a short period of time, sounding the alarm for investors.
Looking back at BTC's data, today is another day of low turnover rate, and most investors are still keeping a wait-and-see attitude. Only loss making investors have recently changed hands more frequently, and the current price is still moving towards a relatively stable range of $100500 to $105000. Although there are still many chips piled up in this area, they cannot be considered as support for the time being.
The main support range is still between $93000 and $98000, and the stability of this position is still very high. The key data of this week should be the data of non-agricultural employment: the unemployment rate should not be a big problem. In addition, this week it is time to return to the rule of Trump's "mouth". Maybe he will have to express his views on the circuit court and tariffs.
Operation suggestion:
BTC 104000 long first target to see 104900 second target to see 105800
ETH 2470 long first target to see 2530 second target to see 2590
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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.
