Fuxi Community Live: How far can ETH go?

Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9309732027 As of August 14, 2025, the price of Bitcoin has surpassed $124517, setting a new historical record with a monthly increase of over 10% and a cumulative increase of 33% over the year. Ethereum rose synchronously to $4786, approaching a historical high, with a year-on-year increase of 42%. This round of surge is driven by the accelerated entry of institutional funds, the implementation of favorable US policies, and a strong breakthrough in technology, but the market's divergence on the subsequent trend is expanding. 1、 The core driving force behind the recent surge Large scale influx of institutional funds -Metaplanet, a listed company, recently splurged $61.4 million to purchase 518 BTC, with a total holding of 18113 BTC (worth $1.85 billion); MicroStrategy increased its holdings of over 4000 BTC during the same period, continuously strengthening its balance sheet allocation. -The demand for ETFs has exploded, with the US Bitcoin spot ETF experiencing a net inflow of $773 million for three consecutive days, and the size of the BlackRock IBIT ETF soaring to $86 billion. The Harvard University Foundation has allocated a $116.6 million Bitcoin ETF, which is the fifth largest position in its investment portfolio, signaling a clear entry signal for traditional top institutions. Breaking through key technical obstacles -Short squeeze effect: When Bitcoin breaks through $122000, the market structure shows that if it rises another 10%, it may trigger a $18 billion short liquidation and form a "short squeeze market" to accelerate its rise. -The bullish position of the indicator has stabilized at the 50 day EMA ($115592) and broken through the upper band of the Bollinger Bands. The MACD bar chart has risen to+290, indicating strong upward momentum. The RSI (63) is not overbought, indicating that there is still room for upward movement. 2、 Technical Analysis: Core Support and Breakthrough Goals Key price level -Resistance level of $123218 (previous high) → breakthrough target of $125000; The ultimate channel pressure is at $131000 (Fibonacci 161.8% extension level). -Support level: $117000 (trading platform) → $115000 (EMA intensive area) → $111920 (long stop loss line); If lost, there is a possibility of exploration >Despite the divergence of EMA bulls, the narrowing of the gap between fast and slow lines (368 → 334) indicates a short-term decline in momentum, and caution should be taken against high-level divergence >Operation suggestion: Short term bargain hunting layout should refer to the support of $115000 and break through $123218 to increase positions; If the volume falls below $114000, risk control measures need to be activated. Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin 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.