The panic index suddenly rose to 44$BTC $XRP $ETH

Ethereum has recently shown strong performance, with positive factors appearing frequently. From a fundamental perspective, the ecosystem development is on a good trajectory, with L2 solutions locking in a record high, and network upgrades progressing smoothly. These all provide solid support for the price. Meanwhile, continuous deployment by large funds and institutional investors also reflects a bullish market sentiment. From a technical analysis standpoint, short-term fluctuations and adjustments are actually shakeout behaviors, and the bullish momentum has been fully accumulated, with a breakout imminent. The current accumulation phase should not be interpreted as a sign of weakness; rather, it is a brewing period before a significant rally. In terms of trading strategy, consider positioning long orders around the 3150 and 3110 levels. Once these support levels are effectively broken, the recent upward target can refer to the key resistance at 3250. If the upward momentum continues, there is also potential to target the 3330 level. The performance of Bitcoin and other mainstream cryptocurrencies, which often provide additional support confirmation signals, is also worth paying attention to.

Rumors about BlackRock clients purchasing ETH have recently caused quite a stir in the market. However, the official response was a cold shower—no formal statement, no official stamp, and on-chain investigators haven't found any clues of large transfers. How credible is this news? Logically speaking, if the world's largest asset management company truly entered Ethereum, it could serve as a significant catalyst for market confidence and price movement. But the current situation is a bit awkward—BlackRock has directly denied the rumors, and on-chain data shows no obvious large transactions. The market is caught in the middle, unsure whether to believe it or not. There's also a detail worth considering. On-chain data may not fully reflect the true situation—institutions might be buying discreetly or conducting transactions through privacy protocols. Additionally, internal rumors within institutions often can't withstand scrutiny; sometimes information gets distorted as it spreads, like a game of telephone. The market is most easily influenced by emotions—seeing such news, people tend to imagine the worst or the best. Caution is advised to avoid chasing highs and getting caught. In short: this news is like a suspense hanging in the air—tempting but not to be acted upon hastily. Carefully observe on-chain data changes and wait for more concrete signals before making decisions.