Recently, the market divergence on the trend of Ethereum ($ETH) has become increasingly obvious. On one hand, bulls are betting on Ethereum's treasury company narrative and stablecoin track value, while on the other hand, technical and emotional factions are cautiously reducing their positions. See what analysts at Followin Trading Strategy Square say?
@0xSleuth_:
ETH is still the key bridge between stablecoin applications and institutional treasury assets. Projects such as $SBET and $BTBT have real business support and are expected to drive ETH back to the "main beta" position of BTC. Especially after ETH regains its footing at 3K, the narrative logic will be verified by the market.
Source: Followin
@YSI_crypto:
It is currently at the profit-taking point of range oscillation, and there are short-term fluctuations, and further retracement is not ruled out. He advocates "one range at a time", tends to operate in the short term and patiently wait for breakthrough confirmation.
Source: Followin
@daidaibtc:
ETH is currently a game between whale: short positions come from institutions being trapped continuously and ancient coins being transferred out of exchanges; long positions value the continuous inflow of ETF funds and asset scarcity, and believe that ETH is expected to become a target analogous to "micro-strategy holding BTC". After sufficient volatility, choose to stand on the long side and bet on long-term logic.
Source: Followin
@Cryptodengta:
long it doesn’t break through 2620 before 15:00 in the European session, give up. If it breaks through, hold it.
Source: Followin
