An update for everyone $ETH
As mentioned last time, around 2300, the price has indeed staged a rebound recently and has now reached the first resistance zone around 2450—2480.
The next move here is critical. Whether it can break through and hold will determine if this rebound has a chance to continue higher.
If it breaks through decisively, the next targets are around 2500, followed by the 2560 area. But if it gets rejected at resistance, be careful: this may just be a rebound during the downtrend, and it could retest lower levels later.
On the news front, there are also a few noteworthy developments concerning ETH recently.
ETH staking has reportedly reached about 43.8 million ETH, or around 35.9% of the supply. In addition, JPMorgan is expanding the use of JPM Coin on the Ethereum mainnet, and traditional brokerages are beginning to let clients stake ETH directly.
These developments show that institutional adoption and ecosystem applications on Ethereum are continuing to advance, and the long-term thesis remains intact,
But ETH/BTC is still around 0.0295 and has yet to show real strength, so the flow of funds still needs to be monitored.
In the short term, watch for sudden moves. Look for upside only once it holds, and don't rush to chase if it fails to break through.
#以太坊站上2450美元
As mentioned last time, around 2300, the price has indeed staged a rebound recently and has now reached the first resistance zone around 2450—2480.
The next move here is critical. Whether it can break through and hold will determine if this rebound has a chance to continue higher.
If it breaks through decisively, the next targets are around 2500, followed by the 2560 area. But if it gets rejected at resistance, be careful: this may just be a rebound during the downtrend, and it could retest lower levels later.
On the news front, there are also a few noteworthy developments concerning ETH recently.
ETH staking has reportedly reached about 43.8 million ETH, or around 35.9% of the supply. In addition, JPMorgan is expanding the use of JPM Coin on the Ethereum mainnet, and traditional brokerages are beginning to let clients stake ETH directly.
These developments show that institutional adoption and ecosystem applications on Ethereum are continuing to advance, and the long-term thesis remains intact,
But ETH/BTC is still around 0.0295 and has yet to show real strength, so the flow of funds still needs to be monitored.
In the short term, watch for sudden moves. Look for upside only once it holds, and don't rush to chase if it fails to break through.
#以太坊站上2450美元
