Recently, the Ethereum (ETH) market has performed remarkably, with prices breaking the $4000 barrier, currently trading around $4220. Several Technical Analysis platforms have provided strong buy signals, indicating a strong bullish sentiment in the market.



From a technical perspective, after ETH broke through the key resistance level of 4000 USD, a clear rising trend has formed. Major analysis platforms such as Investing.com, TradingView, and BitGet all hold a positive attitude towards ETH, consistently giving it a buy rating.

In terms of market news, the activity of institutional investors has significantly increased. A large influx of capital has forced some short positions to close, further driving up the ETH price. It is worth noting that large holders continue to accumulate ETH, and the current holdings have reached an astonishing 1.8 million.

For investors, there may be opportunities in the current market. If the ETH price retraces to the range of $4100-$4150, it may be considered to accumulate positions in batches. If the price stabilizes above $4220, it could be a good time to increase positions. It is recommended to set the stop-loss near $4150, with an initial target price looking towards the range of $4400-$4500, and it may even challenge the historical high.

However, investors should also be wary of market risks. The cryptocurrency market is highly volatile, and prices may experience significant fluctuations. Before making any investment decisions, it is essential to conduct thorough research and risk assessment. At the same time, closely monitor market trends and changes in the regulatory environment, as these factors can have a significant impact on ETH prices.
ETH-0.42%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
BridgeNomadvip
· 08-09 17:51
remember ronin bridge? same vibes. watch ur exits...
Reply0
PriceOracleFairyvip
· 08-09 17:51
ngmi, the liquidity depth is sus af rn tbh
Reply0
SchroedingerMinervip
· 08-09 17:51
It feels like a bull run again.
View OriginalReply0
AirdropLickervip
· 08-09 17:35
Wow, I've already gone all in.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)