Market Review: #打榜优质内容#

Last night, the price of Ethereum (ETH) strongly broke through the previous high point, reaching a new stage high, reflecting a shift in market sentiment towards positivity. This breakthrough may be driven by the following factors:
1. Macroeconomic benefits: Expectations for a Federal Reserve interest rate cut are rising, improving liquidity in the cryptocurrency market.
2. Increase in on-chain activities: The activity level of the Ethereum Layer 2 ecosystem is expected to rise, possibly accompanied by the launch of new protocols.
3. Technical buying: Algorithmic trading and additional funds enter after breaking through key resistance.

Key Indicators
Volume verification: An uptrend requires sustained volume increase; be cautious of false breakouts when there is reduced volume in a rally.
BTC correlation: Pay attention to whether Bitcoin is strengthening in sync; if BTC is weak, it may drag down ETH.
News: SEC's progress on ETH ETF, movements of whale addresses, etc.

Operation Suggestions
Short-term: Enter long positions after confirming support on the pullback, avoid chasing highs.
Medium line: After confirming the validity of the breakout (e.g., if it stabilizes at a new high for 3 days), positions can be held for an upward trend.
Risk Warning: This Friday's US non-farm data may trigger volatility, it is recommended to keep positions below 50%.