Brothers, get ready! I firmly believe in the current trend of ETH; anything below $3000 is a chance to make easy money!
First, let's take a look at the 1-hour chart. Yesterday, after the ETH price dropped to $2870, it immediately rebounded in a V-shape, and now the price is consolidating around $2950. In the MACD indicator, the green histogram is almost gone, and the DIF line is about to cross the DEA line. This trend clearly shows that the bearish power is about to be exhausted, and the bulls are accumulating strength to make their move! Isn't this a classic signal that the bottom fluctuation is about to end?
Now, let's check the on-chain data. Those who keep shouting about the decline in active addresses simply don't understand the market. In November, 3.24 million ETH flowed into long-term holding addresses, and in December, another 1.6 million ETH entered these addresses. The ETH in these addresses has never been sold; they are all steadfast holders. Moreover, the circulating supply of ETH in exchanges is now only 8.7%. Also, the Fusaka upgrade has increased the capacity of blobs to 8 times the original, and USDC has obtained a license from the Federal Reserve. These are all major positive news that can drive ETH prices up, yet some people turn a blind eye to it!
Some are worried that the ETH price will drop below $2900? I'm stating this clearly today: $2900 is the solid bottom! If it really drops below that, I'll eat my keyboard! Right now, the institutions are deliberately testing our patience; as soon as we can't hold on any longer and sell at a loss, they will immediately push the price up to $3200!
Listen to me, don't think about anything else right now; just close your eyes and buy in batches to go long. Set your stop loss at $2850 (I don't think it will even reach that level), and let's first aim for the previous high of $3170. If we break through that high, then we can directly look towards $3400! Don't wait until the ETH price rises to regret not getting in earlier. Trust me, buy now, and next week I'll let you witness my moment of glory!
Having been in the crypto space for a long time, I've seen too many people operate blindly without guidance or messing around and losing badly. If this is your current situation, you can scan the code below to enter the chat room, where we have real-time strategies and insights every day to help you avoid unnecessary detours.
