Recently, Ethereum's performance has been remarkable. From a Technical Analysis perspective, Ethereum (ETH) has successfully broken through the important resistance levels on the daily chart and weekly chart. This breakthrough indicates that ETH still has room for a rise in the short term, with the next significant resistance level expected around 0.045. If this level can be surpassed, the price of ETH is expected to rise by about 10% more, reaching around 5200 dollars.



From a medium-term perspective, the ETH/BTC exchange rate may be in the third or fifth wave of a weekly pump. After reaching a peak, the market may undergo a correction period of about three weeks. This correction is not only a technical adjustment to the previous rise but may also become a key moment to confirm a new trend.

It is worth noting that changes in the global economic environment may have a significant impact on the cryptocurrency market. The market generally expects that there will be interest rate cuts, and even the possibility of a direct cut of 50 basis points cannot be ruled out. This unexpectedly positive news may become a catalyst for Ethereum to start a new round of pump.

Overall, both the technical and fundamental aspects of Ethereum currently show positive signals. However, investors should remain cautious, closely monitor market trends, and manage risks effectively. The high volatility of the cryptocurrency market means that prices can experience sharp fluctuations, so it's essential to consider all factors comprehensively when making investment decisions.
ETH3.82%
BTC-0.3%
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fren_with_benefitsvip
· 08-23 07:49
Ran this wave and opened short positions!
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PensionDestroyervip
· 08-23 07:47
The crypto world sucker harvesting machine, if there's no profit, just keep losing.
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LiquidationWizardvip
· 08-23 07:41
It's another familiar miss out scene.
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LiquidationKingvip
· 08-23 07:40
I’m out, I’m out, close all positions Rug Pull
View OriginalReply0
AirdropChaservip
· 08-23 07:23
5200 is stable, no-brainer!
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