$ETH , hurry up and drop—one round on Sunday, another round next week, big profits!

This round of panic in the crypto market may be another setup. Three separate additions of $250 million in stablecoins entered on-chain over the past eight hours, for a total of $750 million. The funds did not flee; instead, it looks like institutions are using the pullback to shake out weak hands. More importantly, regulators are moving: the CFTC is gradually bringing the perpetual contract model that has been validated on-chain for years into the formal regulatory framework, while the channels between on-chain U.S. stocks and the crypto market are also being opened up. The institutional barriers for traditional capital to enter will only continue to fall. With policy momentum combined with a potential rate-cut cycle in the second half of next year, once the two lines resonate, the explosive potential should not be underestimated. Every pullback this month could be a window to get back on board. $BTC $ETH $TRUMP

$ETH appears to be preparing to retest that swing high. The reason is simple: price has broken above the value area and has since successfully retested the value area high (VAH) several times, with H4 candles continuing to close above that level. From here, I will closely watch the retest of the 2.8 thousand level. If we can gain clear acceptance above this level, it will confirm the start of the next upward move. However, if we fail to hold above 2.8 thousand, I expect another rejection back into the value area and continued range-bound price action.