#美联储回购协议计划 Whale hints that Ethereum may be bottoming out



Analyst Garrett Jin's latest insights have garnered attention. He believes that the sharp sell-off in AI concept stocks last week was due to a misinterpretation of statements from chip giant executives. However, the sector has reversed this week, with tech stocks including Oracle, which is troubled by debt, rebounding, indicating that market panic is subsiding.

Currently, there is an interesting phenomenon: the correlation between Ethereum and the Nasdaq 100 Index remains high. Since the latter has already recovered its previous losses, this suggests that $ETH may be close to the bottom, and a rebound could happen at any time. The performance of $BTC and $SOL is also worth monitoring — technically, they both show similar signs of bottoming out.

Market sentiment shifts often occur faster than data, so how far this rebound can go depends on the trading volume in the coming days.
ETH0.56%
BTC0.87%
SOL1%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
shadowy_supercodervip
· 8h ago
Another saying of bottoming out and rebounding... Every time it's said, but what’s the result? What are the whales hinting at? How are we small investors supposed to know? Let’s first look at the trading volume. Is ETH really stable this time? I'm still a bit skeptical. Without sufficient volume, any rebound is pointless. Does a Nasdaq rebound mean ETH will go up? The logic isn't that simple.
View OriginalReply0
CryptoDouble-O-Sevenvip
· 8h ago
Whales are all hinting at it; is ETH really about to rise this time? I'll wait and see the trading volume before saying more...
View OriginalReply0
PumpAnalystvip
· 8h ago
Is this the same old story... Can a Nasdaq rebound really imply that ETH has bottomed out? Wake up, brother, the big players love to cut the leeks like this. If the volume doesn't cooperate, it's a false rebound. I bet five bucks that next week it will fall back below the support level. Oh, the technicals look good, but how many people got caught chasing the high this week? Risk control first, everyone. Wait, this guy didn't say how much position he confirmed, right? Feels like he's just hyping the rebound again. Honestly, I only look at the 1-hour K-line now; the daily chart is too easy to be deceived by.
View OriginalReply0
LuckyBearDrawervip
· 8h ago
Here we go again, calling for a rebound. Last time I said that, I got trapped for a month. --- Nasdaq has already bounced back, but ETH is still hesitating. Charts are often misleading. --- Volume is the real boss. I don't pay attention to rebounds without trading volume. --- What’s the point of whale alerts? They just want to buy the dip and then dump. --- AI stocks rebounding ≠ ETH has to follow suit. I don’t buy into that logic. --- Bottoming out? Heard that term last year, haha. --- If SOL and BTC are showing these signals, I’ll wait and see what happens. --- With more technical signals like these, they usually get broken through in the end. --- Basically, it’s a gamble on sentiment shift. I can’t afford to take that risk.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)