Live stream in the language community: Ethereum's moment of life and death: Is $4500 a breakthrough starting point or the eve of a sharp decline?

Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9850662513 The nightmare of digital gold and the dream of Techno Utopia are fiercely competing at the $4500 mark. Ethereum has once again become the focus of the market. As of October 4th, the Ethereum trading price has been hovering around $4500, briefly hitting a two-week high, and both long and short sides are fiercely competing for this critical position. The market sentiment is clearly divided, with about 72% of people predicting that Ethereum will soar to $5000 instead of falling to $3500 in the Myriad market. The outcome of this competition will determine whether Ethereum will embark on a new round of upward trend or fall into a deep correction. 01 Key position: Battlefield of long short game $4500 has become a key psychological barrier for Ethereum. Recently, Ethereum briefly climbed to a two-week high of $4500, continuing its strong quarterly performance. Market participants have shown significant differentiation in their views on the prospects of Ethereum. On Myriad, a prediction market launched by Decrypt's parent company DASTAN, about 72% of users expect Ethereum to soar to $5000 instead of falling to $3500. The technical structure shows that Ethereum is facing a decisive moment. According to technical analysis, Ethereum currently appears to have formed a symmetrical triangular pattern on the daily chart. This technological form indicates that the market is accumulating energy, usually foreshadowing a significant directional shift that is about to occur. 02 Technical signal: Password deep in the chart From a technical perspective, Ethereum is currently trading around $4509 after finding support around $4307. This support level is particularly important as it coincides with the support line extending from the April low and roughly aligns with the 20 day moving average of the index. In terms of resistance, the $4560 level has repeatedly suppressed upward attempts since August, becoming the primary target that bulls need to overcome. If buyers can firmly break through this resistance, it may open the way to $4700 or even $4850. Technical indicators provide further insights. The RSI reading of 57 shows a neutral to bullish trend, recovering from previous oversold conditions. At the same time, Ethereum stands firmly above the three moving averages of EMA7 (4411)/30 (4252)/120 (4264), presenting a short-term high and low trading strategy. 03 Fundamentals: Policy East Wind and Capital Flow Fundamentally, Ethereum has recently received significant positive news. The US Treasury Department has exempted Ethereum from a 15% corporate tax, creating more favorable conditions for institutions to adopt Ethereum. This policy change eliminates potential cost barriers for companies considering including ETH on their balance sheets, providing important support for the adoption of Ethereum in institutions. In terms of capital flow, the data shows complex signals. On October 3rd, the exchange experienced a net outflow of approximately $22.4 million, indicating some accumulation when ETH re entered the $4500 mark. However, compared to the strong accumulation trend seen in July, these fund flows appear uneven. 04 Long Short Duel: Risk and Opportunity Coexist The current market is in a highly sensitive state, and any breakthrough in any direction could trigger a chain reaction. According to multiple sources, Ethereum is expected to perform steadily as it enters the fourth quarter. Czhang Lin, head of LBank Labs, pointed out that "October is usually a strong month for cryptocurrencies," and even though stocks are under pressure, Ethereum's performance is better than many assets. The bearish side warns that despite the improvement in sentiment, this newly discovered optimism may be short-lived, as positive sentiment is limited to October and 'long-term put options still carry a premium'. Market volatility has increased, with a total of 499 million US dollars of positions being liquidated across the entire network in the past 24 hours, including 50.6456 million US dollars of Ethereum multi position liquidation and 57.2662 million US dollars of short position liquidation. This indicates that the market is in a highly leveraged state, and any drastic fluctuations could trigger a large number of forced liquidation. Operation suggestion: BTC 121300 long first target to watch 123850 second target to watch 124765 ETH 4455 long first target to see 4500 second target to see 4545 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.