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Good evening,everyone! I am your Da Bin teacher! Although the data of the ETH spot ETF on Tuesday looks good, with net inflows for several consecutive days, the actual purchasing power is still relatively low, and only BlackRock investors can support a five figure buying volume. The gap between other purchasing powers and BTC is too large.
Judging from the current data, it is still too difficult for ETH to go out of a particularly big market. The market's expectation for counterfeit coins and small cap stocks has returned to the past. With the Federal Reserve's inaction, the expected plate rotation has not appeared. In particular, Trump's tariffs are still scaring the market from time to time.
Yesterday, Vance predicted that the number of Bitcoin holders in the United States would double, claiming that they still hold a considerable amount of Bitcoin. US Vice President Vance welcomed the entry of cryptocurrency into the "mainstream" of the US economy, vowing to establish "innovation friendly" rules for digital assets and praising cryptocurrency billionaires who supported Trump's bid for the presidency last year. On Wednesday, Vance spoke to thousands of bitcoin investors in orange uniforms in Las Vegas, touting the rise of cryptocurrency, and predicted that the number of Americans holding bitcoin would soon double. This is a movement - I am proud to stand with you today, "Vance said on a stage named after the anonymous developer of Bitcoin, Satoshi Nakamoto." We want our fellow Americans to know that cryptocurrencies and digital assets, especially Bitcoin, are part of the mainstream economy and will continue to exist. "Vance said that the Trump administration will quickly develop a token regulatory framework pegged to the US dollar. The next priority will be to create a transparent and tailored regulatory framework for digital assets, one that supports innovation and fully integrates cryptocurrencies into the mainstream economy.
According to the indicators, the current price is below the EMA24/52 moving average, showing an overall downward trend. Based on the distribution of chips, the area between 107289 and 107488.5 forms a triple support, with a high concentration of buying, and prices are expected to stabilize and rebound in the short term. At the same time, the 10 day moving average of trading volume increased by 10.73%, indicating increased market activity and providing momentum for the rebound.
On the candlestick chart, the appearance of the red three soldiers in an 8-hour cycle, coupled with the KDJ golden cross signal, further confirms the possibility of a short-term rebound. However, there is significant resistance above 108886, and a breakthrough requires stronger buying support.
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Operation suggestion:
BTC 107850 long. First target: 108800. Second target: 111800
ETH 2620 long. First target is 2680. Second target is 2760
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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 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.
