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👆Follow me to share Web3 cutting-edge news every day👆Jinqun +Q: 3904787538 Ethereum (ETH) broke through the key psychological level of $4,200, restoring investor confidence, but analysts are divided on whether the rise is a structural trend or a potential bull trap. The current long-short game focuses on the core price, and subsequent trends need to be comprehensively judged based on technological breakthroughs, capital flows, and the macro environment. Supporting factors behind the rise, there is a basis for bullishness in the medium termETH’s rise has multiple supports. In terms of fundamentals, the Ethereum ecosystem continues to expand, DeFi applications develop steadily, staking demand grows, and Layer 2 expansion solutions advance rapidly, providing internal support for prices. From a technical perspective, ETH's rebound from $3,900 is in line with a wide consolidation pattern. The 200-day moving average (near $3,568) has formed a long-term support, and the current price remains above the 50-day and 100-day exponential moving averages. The momentum is improving.； ETH forms a "symmetrical triangle" consolidation pattern. If heavy volume is maintained above $4,000 and delta is positive, the upward trend will be confirmed, and it is expected to hit $4,800-5,600 in the future. The macro environment is also favorable, with rising expectations for U.S. interest rate cuts and falling real yields, which may drive a return to risk appetite and introduce more liquidity to digital assets. In addition, many analytical institutions have given medium-term target prices of US$4,500-4,650, echoing the bullish technical signals. Enter skirt +Q: 3904787538 Hidden downside risks, resistance and hidden dangers coexistAmid rising momentum, we still need to be alert to multiple risks. The financial aspect shows that spot capital inflows are limited but leveraged positions have increased. This structure makes the market vulnerable to selling caused by liquidation and lacks stability. In terms of technical resistance, ETH is currently consolidating in the range of $4050-4100. The concentrated liquidity near $4100 poses strong resistance. Although there is buying support at $4050, large selling orders continue to limit gains.； Without a break above $4,150 and sufficient trading volume, continued gains will be difficult to achieve. In terms of market linkage, Bitcoin (BTC) still dominates the overall market momentum, and it is difficult for ETH to form an independent upward trend.  (Data source: BeInCrypto) In terms of downward support, if it fails to hold $4,000, it may retrace to $3,900 or even lower.； In addition, macro risks such as tightening liquidity, reappearance of regulatory pressure or a shift in investor sentiment may also suppress prices. Enter skirt +Q: 3904787538 $4,500 at the end of the year? The key is to look at these two directionsWhether ETH can hit $4,500 by the end of 2025 will depend on recent trends. If it successfully breaks through and confirms the range of 4150-4220 US dollars, it will open the way to 4400-4550 US dollars. This trend needs to be based on the improvement of market liquidity and the stability of the macro environment. On the other hand, if it cannot break through the resistance level, the consolidation phase may be extended and range fluctuations will remain until the end of the year. That’s it for today’s article. I don’t know what to do in the bull market. Welcome to join the skirt+V: sun568298 for free.  |
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