The operation plan for Ethereum over the next hour with Yi Ying Bao Ai's fully intelligent inquiry strategy is as follows:
From the current information available, the probability of ETH rising within the 1-hour cycle is 60%, driven by short-term upgrade sentiment and a rebound.
Supporting factors for the rise
- Fundamentals: ChainCatcher reported 4 hours ago that ETH has returned to $3000 driven by market optimism regarding the Fusaka upgrade. This upgrade is an important advancement for the Ethereum ecosystem and provides fundamental support for price increases.
- On-chain signals: 21 hours ago, a giant whale from the 2015 ICO awakened and staked 40000 ETH (about $120 million), reducing the circulating supply in the market and showing long-term holders' confidence in ETH.
- Institutional demand: 15 hours ago, the Chicago Mercantile Exchange (CME) Ethereum futures trading volume surpassed that of Bitcoin for the first time, indicating increased attention and demand for ETH from institutions.
- Technical analysis: Three analysts have given upward expectations, such as Merlijn The Trader mentioning an RSI breakout with a target of $3400; MCO Global DE stating that support is effective with a target of $3165 - $3210; and Man of Bitcoin based on Fibonacci extension with a target of $3216.
Short-term strategy layout
- Conservative: Consider buying, the current latest price of ETH is 3076.7101938 USDT, with the take profit price set at 3210 USDT (near resistance, MCO target lower bound) and the stop loss price set at 2907 USDT (risk control level, support lower bound). When the price approaches the take profit price, consider taking profits; if the price falls below the stop loss price, stop loss should be executed promptly to avoid further losses.
- Aggressive: You can choose to increase your position, with the take profit price set at 3400 USDT (Merlijn's long-term target, RSI breakout expectation) and the stop loss price also at 2907 USDT. However, close attention should be paid to market dynamics, as pursuing higher returns also comes with greater risks.
Risk warnings
- Upgrade underperformance risk: If the Fusaka upgrade is delayed or its effects are below market expectations, ETH may fall below $3000.
- Market volatility risk: Macroeconomic policies (such as interest rate hikes by the Federal Reserve) or fluctuations in other cryptocurrencies (such as BTC) will impact ETH prices.
- Support break risk: If the price falls below 2907 USDT, a short-term pullback will be triggered, and at that time, immediate reduction of position to below 50% is necessary.
