$ETH This rally is indeed very strong, with the price already near $2,500. Many people are asking whether they can still chase it. 🔥My view is straightforward: ETF inflows exceeded $500 million over four days, so capital is clearly entering the market. But the faster the rise, the more profit-taking and short stop-losses become intertwined, making sudden wicks more likely. $ETH First watch $2,525–$2,550 above; only discuss continuation after a high-volume breakout and hold. Below, watch $2,490–$2,500; only consider a small position if the pullback holds. If it breaks below $2,430, this short-term strength will need to be reassessed. 👀I don’t chase highs or stubbornly buy the top. I’d rather miss out than hand my principal over to my emotions. 🧠

ENA at $0.175—did you miss the boat? Look at the surface first: it doubled in two weeks, with retail investors FOMO-buying the rally. After bottoming around the historical low of 0.07 in late June, it broke through 0.10-0.12 on heavy volume starting in mid-August, with consecutive large bullish candles pushing it to 0.17-0.18. Its weekly gain more than doubled, trading volume surged, and futures open interest also nearly doubled significantly. The short-term parabolic rise is overheated, but the trend is not over. First: Ethena's biggest problem before was that the yield was almost gone. USDe's core business model is simple: you deposit USDe to earn sUSDe yield, while the protocol uses your money to conduct perpetual futures funding rate arbitrage. In 2024, funding rates were often annualized at 30-50%, and everyone was making money happily. Then what happened? The entire industry piled into the arbitrage trade, crushing funding rates to the floor. sUSDe's annualized yield fell from over 30% all the way to around 4%. With the yield gone, capital began to leave, and USDe supply shrank from its peak. Second: The $1 billion financing completely changed the rules of the game. On August 19, Ethena and FalconX announced a $1 billion senior secured warehouse financing facility. Previously, Ethena could only make money through perpetual futures arbitrage, with yields squeezed down to 4%. Now it can lend the assets backing USDe to institutions for overcollateralized loans, covering trading strategies, corporate treasury management, and payments. The source of yield has shifted from “funding rates squeezed to death” to “institutional-grade credit spreads.” Third: But the price you're seeing may have already priced in most of it. ENA is currently priced at 0.175, with a circulating supply of approximately 9.83 billion tokens and a market cap of around $1.5-1.7 billion. Compared with 0.08 before the FalconX financing announcement, it has already more than doubled. The 24-hour trading range is 0.147-0.18, while short-term RSI has already surged to 80-87, indicating extreme overbought conditions. MACD momentum is strong, but divergences should be watched for. The short-term price has already fully reflected the recent positive catalysts, and a further move higher will require new catalysts. You decide the bull-bear battle On one side: $1 billion in institutional financing, with the yield model completely upgraded Large purchases by Arthur Hayes + backing from institutions such as BlackRock A heavy-volume breakout from the 0.07 bottom, with the trend now turned bullish If the fee switch, which distributes fees to stakers, is implemented, it would directly benefit ENA On the other side: It doubled in two weeks, with RSI overbought and the short term overheated 9.8 billion tokens are circulating, with another 5 billion awaiting unlock The Federal Reserve may turn hawkish in September, creating macro uncertainty If BTC pulls back, ENA will most likely follow, given its high-beta characteristics Key levels Resistance above: 0.18-0.20, the round-number level + extension of the previous high → 0.25 → 0.30 Support below: 0.155-0.165, the pullback stabilization zone → 0.14 → 0.13 Trading strategy For those sitting out and wanting to chase: Wait for a pullback. If the 0.155-0.165 range stabilizes, with a high-volume stop to the decline or a doji, cautiously test a long position. Target 0.19-0.22, with a stop-loss at 0.145. For those already holding: Around 0.175-0.18, consider taking partial profits, 30-50%, to secure gains. Use a trailing take-profit strategy for the remaining position, targeting 0.22-0.25. Exit unconditionally if it breaks below 0.15. Medium to long term: The fundamental improvement is clear. If it later pulls back to the 0.12-0.14 region, positions can be built in batches, targeting 0.25-0.30. Pay attention to unlocks and supply pressure—the 5 billion tokens awaiting release are no small amount. From 1.5 down to 0.07, then from 0.07 up to 0.175— ENA fell 95% in 45 days and rose 150% in two weeks. This market never lacks miracles; what it lacks is your refusal to sell at the bottom and your restraint from chasing at the top. Missing the boat doesn't lose you money; chasing the rally does. What is your cost basis for ENA? At 0.175, would you dare to chase? #ETH突破2400美元 #GateBTC现货交易全网第二 $BTC $ETH $ENA #BTC breaks above $77000

200U principal, 75x leverage, $ZEC , 4300% unrealized profit on a long. Rather than going all in on a single asset, I used a small amount of capital to pursue outsized returns. I chose 75x leverage because the liquidation price had sufficient buffer, so even a sudden wick overnight would not easily trigger a forced liquidation. After entering at 508, the price fell as expected and the unrealized profit doubled. I have taken profit in batches, with the remaining position held risk-free. In the futures market, staying alive is more important than making quick money. $XRP $ETH #BTC突破$77000