#Strategy加仓BTC Ethereum surges past 3400! This rally is quite fierce
The 24-hour high reached 3402, a rise of over 300 points from the low of 3100, with trading volume surpassing $1.9 billion. In a short period, $ETH's performance has completely caught attention.
Why is this happening? Several factors stacking up:
First, global macro expectations are shifting. The market is fully betting on a pro-crypto policy outlook, institutional funds are rotating, and after a wave of Bitcoin, Ethereum has become the relay. Second, the inflow data for spot ETFs looks impressive, with recent net inflows hitting new highs. The linkage between spot and futures markets has directly triggered short squeezes, with over $1 billion in liquidations happening in an instant. Coupled with an overall improvement in risk sentiment, record highs in US stocks, a weakening dollar, and the crypto market resonating accordingly.
From a technical perspective, the bulls have already opened the situation. The upper band of the Bollinger Bands has been broken (around 3391), trading volume at the bottom zone has fully expanded, and the MACD has formed a golden cross, all signaling momentum. The 3350-3370 range has now become a strong support. As long as this holds, the upward channel remains open.
The recent target is set at the 3500-3600 range. From a cycle perspective, this is not just a short-term pulse; the larger cycle is indeed starting. For those who entered during this rally, share your views on the future market—do you think $ETH can reach the 4000 level?
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GateUser-a180694b
· 1h ago
Damn, with this speed, pushing up 300 points so forcefully, the bears must be getting crushed so badly haha
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MentalWealthHarvester
· 23h ago
The short squeeze is so fierce, are the brothers all buying the dip now? The current question is whether we can hold the 3350 level.
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NFTBlackHole
· 23h ago
This wave of breaking 3400 really couldn't hold, $1 billion in liquidation was gone in an instant, and the bears were crushed to pieces.
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ImpermanentPhobia
· 23h ago
Bro, watching this wave of short squeeze liquidation was satisfying. The 1 billion USD was gone in an instant. Just missed that wave.
View OriginalReply0
SchrodingersPaper
· 23h ago
Oh my goodness, this wave took off directly. I was still hesitating yesterday, and today I was left behind.
#Strategy加仓BTC Ethereum surges past 3400! This rally is quite fierce
The 24-hour high reached 3402, a rise of over 300 points from the low of 3100, with trading volume surpassing $1.9 billion. In a short period, $ETH's performance has completely caught attention.
Why is this happening? Several factors stacking up:
First, global macro expectations are shifting. The market is fully betting on a pro-crypto policy outlook, institutional funds are rotating, and after a wave of Bitcoin, Ethereum has become the relay. Second, the inflow data for spot ETFs looks impressive, with recent net inflows hitting new highs. The linkage between spot and futures markets has directly triggered short squeezes, with over $1 billion in liquidations happening in an instant. Coupled with an overall improvement in risk sentiment, record highs in US stocks, a weakening dollar, and the crypto market resonating accordingly.
From a technical perspective, the bulls have already opened the situation. The upper band of the Bollinger Bands has been broken (around 3391), trading volume at the bottom zone has fully expanded, and the MACD has formed a golden cross, all signaling momentum. The 3350-3370 range has now become a strong support. As long as this holds, the upward channel remains open.
The recent target is set at the 3500-3600 range. From a cycle perspective, this is not just a short-term pulse; the larger cycle is indeed starting. For those who entered during this rally, share your views on the future market—do you think $ETH can reach the 4000 level?