Ali Charts: Ethereum is in a consolidation phase, breaking through $2530 or rising to $2700

TradingBeats monitoring shows that the largest HYPE long position address on Hyperliquid is 0x082e... ca88 holds 1.38 million HYPE long positions, with an average opening price of $38.68 and a floating profit of $68.62 million. The address opened over $40 million in orders 5 hours before Robinhood announced the launch of HYPE, which was questioned by the community for insider trading. Subsequently, it added 93500 HYPE orders and has paid $5.42 million in funding fees.

According to Xinhua News Agency, the Ministry of Finance of China will issue 300 billion yuan of special treasury bond to support eight central financial enterprises, including Industrial and Commercial Bank of China, Agricultural Bank of China, Export Import Bank of China, China Sinosure, PICC, China Life Insurance Group, China Taiping, and China Reinsurance, to supplement core tier one capital. On that day, the eight central financial enterprises mentioned above respectively released their capital increase plans.

According to TradingBeats monitoring, "Big Brother Ma Ji" holds approximately $146 million in BTC and ETH multiple orders, with a floating profit of approximately $2.56 million. The net assets of the account are approximately 9.139 million US dollars, with a leverage ratio of approximately 15.95 times. Among them, there are 39325 ETH holdings worth approximately 98.39 million US dollars, with an average opening price of 2444.83 US dollars, a floating profit of approximately 2.25 million US dollars, and a liquidation price of 2331.21 US dollars. There are 593 BTC holdings worth approximately $47.39 million, with an average opening price of $79384 and a floating profit of approximately $310000. The liquidation price is $68731.

Crypto analyst Ali Charts stated that Ethereum has been consolidating in the range of $2370 to $2530 since August 26th, and the current market structure is biased towards bulls. If ETH effectively breaks through $2530, the price may rise to $2700.

According to Xinhua News Agency, eight central financial enterprises, including Industrial and Commercial Bank of China, Agricultural Bank of China, Export Import Bank of China, Export Credit Insurance Corporation of China, People's Insurance Company of China, China Life Insurance Group, China Taiping, and China Reinsurance, have collectively increased their capital by approximately 360 billion yuan to supplement core tier one capital and enhance their ability to serve the real economy.