English
8454
It is no exaggeration to say that the protagonist of the current encryption market is no longer Bitcoin - Ethereum (ETH) has increased by more than 300% in half a year, breaking through a new stage high of US$4,683, completely igniting the market's greed! From the low of $1,385 in April to the current high, ETH has used the triple blow of "technical upgrade + institutional buying + macro dividends" to stage a bull market feast that makes short sellers desperate. Is it still too late to enter? Will you be able to touch $10,000 in the future? As an analyst who has been deeply involved in the encryption market for 8 years, today I will use the most hard-core logic to help you see through the truth!1. The latest core developments of ETH: three major benefits trigger skyrocketing1. Prices and funds explodedThe current ETH quotation is stable above US$4,180, and the 24-hour transaction volume reached US$36.79 billion, setting a 45-month high. What is even more shocking is the flow of funds: in the past month, the ETH market has seen a net inflow of US$805 million, with institutional funds accounting for over 70%. U.S. listed companies hold a total of 1.79 million ETH, and the average cost of opening a position is locked in the range of US$3,650-3,750, which is equivalent to institutions using real gold and silver to underpin ETH. The derivatives market is even crazier, with short orders accounting for 81.27% of the 24-hour liquidation amount, and the cumulative liquidation amount exceeding US$360 million. The cycle of "rising - liquidation - passive buying" continues to ferment. 2. Technological upgrades to solidify fundamentalsThe implementation of the Dencun upgrade can be called an "epic benefit". The introduction of blob transactions through proto-danksharding technology reduces ETH gas fees by up to 94%, and Layer 2 throughput soars. At present, Ethereum DeFi TVL has exceeded US$91 billion, accounting for 59.5% of the entire network. The lock-up volume of leading protocols such as Aave and Lido continues to hit new highs, while the NFT transaction volume has doubled to US$1.58 billion, and sports NFT has soared by 337%. The ecological prosperity is approaching the peak of the bull market in 2021. 3. Dual support from supervision and macroeconomicsThe global regulatory shift is paving the way for ETH: After the U.S. SEC approved the Ethereum spot ETF, giants such as BlackRock submitted applications for pledged ETFs, bringing a total of US$5.5 billion in capital inflows to ETH.； The EU MiCA Act clarifies the classification supervision of crypto assets, and Hong Kong implements a licensing pilot, allowing ETH to officially enter the mainstream financial field. Coupled with the start of the Fed's interest rate cut cycle, market liquidity is flooding, and the opportunity cost of holding non-interest-bearing assets has been significantly reduced. Naturally, funds are pouring into high-growth targets such as ETH. 2. Technical analysis: How strong is the bull trend?Judging from the K-line chart, ETH's rise is completely a "textbook-level healthy bull market": short-term MA5, mid-term MA20, and long-term MA60 form a perfect long arrangement. The price has never effectively fallen below the MA20 support, and every pullback is quickly taken over by buyers. Trading volume continues to increase, achieving a benign pattern of "both volume and price rising". The opening after the golden cross of the MACD indicator continues to expand, and the red kinetic energy column continues to lengthen, indicating that the upward momentum is still being released at an accelerating pace. The only current risk is that the greed and fear index has reached 73, which is in the "greedy" range. There may be a technical correction in the short term, but this is only an "opportunity" in the bull market, not a reversal signal.  3. Prediction of future market conditions: Look at 5,000 in the short term and 10,000 in the long term!1. Short-term trend (1-3 months)The resistance levels are clearly visible: the first target is US$4,800 (the upper edge of the previous consolidation), and the second target is the integer mark of US$5,000. Considering that the current market capacity is extremely strong and the probability of the Federal Reserve cutting interest rates again in October is as high as 94%, loose liquidity will continue to help ETH break through resistance. However, we need to be wary of callbacks caused by short-term profit taking. The $3800-4000 range is strong support, and the callback here is an excellent entry point. 2. Mid- to long-term trends (6-12 months)My core point of view: ETH will break $5,000 before the end of the year, and is expected to hit $10,000 in 2026! The logic is simple: First, the Layer 2 ecosystem continues to explode, and improved cross-chain interoperability will double the number of users. ； Second, RWA (real world asset tokenization) has become a new growth point. The RWUSD stable currency launched by Binance has an annualized rate of 4.2%, which is attracting traditional funds to enter the market. ； Third, the demand for institutional allocation is not saturated. The current scale of Ethereum ETF is only US$272 million, compared with US$38 billion of Bitcoin ETF, with room for growth up to 140 times. Of course, risks always exist: sudden changes in global regulatory policies, security incidents caused by technical vulnerabilities, and macroeconomic crises may lead to market reversals. But for leading assets such as ETH with mature ecology, institutional endorsement, and leading technology, callbacks are a "golden pit", and the long-term holding logic has never changed. This bull market of ETH is essentially the inevitable result of "value return + mainstream acceleration". If you missed the price below 4,000 US dollars, do you still want to miss the opportunity to get on the market below 5,000 US dollars? Follow me and update ETH's real-time support and resistance levels, capital flow data and operating strategies every day. Please tell me in the comment area how high you think ETH can rise? Like and collect to avoid getting lost, and we will notify you as soon as possible next time the market starts! Would you like me to help you compile a table of precise entry and exit points for ETH, including short-term support and resistance and medium- and long-term target prices, so that you can have more direction in your operations? |
|
|
|
|
|
