In the live broadcast of Jujin Community, the short-term bullish pattern of Ethereum is challenged, but it does not prevent it from becoming a new favorite of institutions

Click on the link to enter Tencent Meeting: https://meeting.tencent.com/dm/6Vv1PiDbfwTY Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, stated that a digital asset repository focused on Ethereum (DAT, which refers to publicly traded companies holding the majority of cryptocurrencies on their balance sheets) has a greater chance of success than acquiring repositories of Bitcoin or Solana. Due to Nasdaq's recent rule requiring companies to obtain shareholder approval before raising funds to purchase cryptocurrencies, this may put pressure on Solana DAT as its development level is low, and it is suggested that DAT can continue to quickly purchase Ethereum. Technically speaking, analyst Michael Ebiekutan pointed out that Ethereum tested the key level of $4500 on Monday after being blocked at $4700 and was supported by the 14th EMA. On the upside side, Ethereum must break through the historical high resistance of $4956 in order to initiate a new strong upward trend. However, RSI and Stoch are about to fall below their respective neutral levels. If Ethereum falls steadily below $4500, it may find support near the 50 day SMA. If Ethereum fails to rebound from the 50 day SMA, it may fall towards the important psychological support level around $4000. 【BTC】 Follow within the day Lower support: around 114000-114500 Upper pressure: around 116500-117000 【ETH】 Follow within the day Lower support: 4400-4430, 4465-4480 Upper pressure: around 4600-4630, around 4660-4680 If there is a breakthrough in the high-speed market and then an upward trend, there will be pressure between 4750-4830 Every Tuesday evening at 8pm, Wednesday afternoon at 4pm, and Friday evening at 8pm, the conference number remains unchanged Join the Jujin Community Exchange Group to receive more services 1. Real time troubleshooting (online 1-on-1 question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system 4. Live courses, contract termination, real-time order making, help you successfully land 5. Aggregation group gathers strategies from major bloggers 6. Real Trading K Short term Tool Helps Short term Trading The market is constantly changing, with opportunities and risks coexisting. We hope everyone operates cautiously and invests rationally! Thank you all for your attention! Meeting number: 389-5442-3424 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.