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ETH upgrade This Ethereum Fusaka upgrade is to truly widen and stabilize the "data highway" of the second-layer network (L2). For most ordinary users who use L2 such as Arbitrum, OP, and Base to transfer money, exchange coins, and interact, the most direct feeling is that it is cheaper, smoother, and less likely to get stuck.  There is no doubt that this upgrade is a major benefit to ETH. It is very likely that ETH will take advantage of this wave of opportunities to reach tens of thousands. ETH trend analysis Judging from the daily K-cycle chart below, ETH is in a downward trend and is building a downward center. After ETH dived on October 10, it tested the 3700 support point 4 times in a row, but failed to effectively fall below the 3700 support point. It rebounded quickly after testing the 3700 support point for the fourth time, and is currently running near 3877. It proves that this support position is a strong and effective important support point, and it is also a key position for the main support to absorb funds. The daily K chart shows that the current market is in the center of construction, with a large range of 3680-4250 and a small range of 3700-4000, forming a large range of small ranges. The daily cycle mainly focuses on sideways adjustments, waiting for the direction of the market outlook.  Judging from the 4-hour K-line chart below, the first rebound was from 3700 to near 4260, the second rebound was from 3700 to near 4100, the third rebound was from 3700 to near 4250, and the fourth rebound was from 3700. As of now, it is running near 3877. Judging from the intensity of the previous three rebounds, the space above the fourth wave rebound is still relatively sufficient. Focus on the key pressure positions of 3950, 4100, and 4250 above.  Summarize The market trend of ETH during this period has been like a roller coaster. It plunged due to increased tariffs, rose due to interest rate cuts, and fell due to lower-than-expected interest rate cuts. The impact of relevant policies on the crypto market is still great. Will it hit a new high this time due to the upgrade? Whether it's a bull market or a bear market, there are always opportunities in the market. If you can't grasp it, you might as well join the Hai Ge community and make plans with Hai Ge.  The content of this article is for information sharing only and does not constitute any investment advice. Cryptocurrency is extremely risky and you may lose all your principal. Please invest with caution. Brother Hai is recruiting for the actual combat camp, so hurry up and get on board! ✅One-to-one practical guidance on operations, and the establishment of an exclusive trading system based on funds and order-making habits! ✅Give you real-time accurate trading points, directions, and position management that suits you! ✅Escort your battle in the currency circle!  |
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