Today, Yili Hua posted on Twitter that, "For long-term spot investment, a few hundred dollars doesn't make a difference. The reason ETH is currently undervalued is due to expectations of interest rate cuts and monetary easing from a macro perspective, along with continuously crypto-friendly policies. From an industry standpoint, the long-term growth of stablecoins and the trend of financial on-chain are evident. The fundamentals of ETH are completely different now." With the Federal Reserve's decision to cut interest rates in December already set, looking ahead to next year's midterm elections, Trump will theoretically boost the economy for electoral gains, and the overall macro expectations are there. 😍 From a technical perspective, Ethereum is pulling up in sync with the market. Ethereum has already led the market in breaking through the daily MA30 moving average, marking a pivotal point between bulls and bears, representing strength. Last night, a large bullish candle continued to push prices above 3300, briefly approaching 3400, and has currently pulled back to around 3320 for consolidation. The daily MA5 has crossed above the MA10 and MA30 moving averages, while MA10 has crossed above MA30, together forming a bullish signal of a golden triangle. Currently, the daily MACD golden cross is continuously opening upwards, and the KDJ three-line golden cross is diverging upward, with the bulls in control, maintaining a bullish outlook on pullbacks. The next structural resistance can be seen around 3650. Here is a strong structural resistance where tops and bottoms convert. Support is around 3250, and resistance is around 3650.
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