Fundamentals:
Ethereum core developers plan to launch the Fusaka development network (fusaka-devnet-0) on May 26, 2025. This is an important test network following the Pectra upgrade, aimed at introducing several key improvements to the Ethereum mainnet. These features are expected to be deployed to the mainnet by the end of 2025, paving the way for the mainnet upgrade, enhancing network performance and security, and promoting developer and community participation.
A U.S. House committee has approved Trump's tax cut bill in preparation for a possible vote this week.
The U.S. Treasury Secretary stated that if countries do not reach trade agreements with the U.S., tariffs will revert to equivalent levels.
Technical Analysis:
BTC: The weekly chart shows six consecutive bullish candles, with last week closing as a "hammer" (a bullish candle with a long lower shadow). It is currently in a long-term upward trend, maintaining a stepwise increase overall! On the daily chart, after a week-long phase of adjustment, there was a significant rise of over three thousand points yesterday, closing with a large bullish candle, marking a recent breakthrough. However, the price is nearing historical highs, and the smaller time frame shows a significant pullback. Currently, it has stopped falling at the 7-day moving average on the daily chart, with bulls continuously watching the support around 103K. As long as this level holds, the overall upward pattern will not be broken. On the 4-hour chart, after a volume contraction adjustment near 103K over the weekend, it began to increase in volume. Last night, the market saw a sharp rise and fall, and it is currently unclear whether this is a major player’s high-level washout or an opportunity to offload. Focus on defending the 103 level, with the daily closing signal as the main reference. For intraday operations, pay close attention to the support at 103-102 below and the resistance at 105-106 above.
ETH: After a significant rise on the weekly chart, Ethereum has entered a phase of adjustment. Last week closed with a long upper and lower shadow bearish candle, consistent with Ethereum's phase of upward movement. If Ethereum can close this week with a long lower shadow, it will usher in a new round of upward movement. On the daily chart, Ethereum has been in a phase of adjustment for eight days, and the technical gap has been repaired. Last week, it was mentioned that Ethereum might build a new bottom around the 2350-2280 levels. At 4 AM, there was a sharp rebound near 2320, and it is currently undergoing a second test. If this second test rebounds and the daily chart closes with a long lower shadow, it indicates that this drop was a washout by the main players, marking the end of this phase of adjustment for Ethereum. The 4-hour chart shows significant volatility with sharp rises and falls, indicating that the current behavior is more likely a washout. The important defense line is at the 2300-2280 level. For intraday operations, focus on the support at 2350-2320 below, and be cautious of a spike down to 2280, with resistance at 2480-2520 above.
Altcoins: The current adjustment space for altcoins is nearing 30%, with most having retraced to the top of the second wave of increases. This adjustment is a healthy phase of correction! If the market continues to decline, it will damage the upward channels of most altcoins. Today, it may be worth attempting to enter with a partial position, as the launch of the Fusaka development network is beneficial for further expansion and cost reduction of L2 scaling solutions, strengthening the data layer functionality of Ethereum and providing writing space for modularization. Related tokens such as OP, ARB, and ZK may see increased trading activity due to positive technical developments, which can be closely monitored.
He Yue: Recently, the market is preparing to position three altcoin swings, with a control space of 10%. Coupled with Ethereum's bottoming signal, it forms a basis for re-positioning in Ethereum's volatility. For intraday short-term operations, refer to the analysis points above and be mindful of stop-loss levels if broken!
The cryptocurrency market is highly volatile; exercise caution when entering. This is a personal opinion and not advice, for sharing purposes only.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
