Since its birth, Ethereum has been a high-profile member of the cryptocurrency market. Its trends not only affect the entire digital currency field, but also largely influence subsequent market changes. As the cryptocurrency market continues to develop and change, the trend of Ethereum has attracted much attention, and investors are also paying close attention to the trends in this field. Let’s dive into Ethereum’s latest moves and reveal its potential impact on the market.

As a smart contract platform, Ethereum not only has the properties of digital currency, but also is an important foundation supporting many decentralized applications (DApps). Its unique features and technical advantages make Ethereum unique in the cryptocurrency world. With the rise of DeFi (decentralized finance), Ethereum's application scenarios have further expanded, and the market is full of expectations for its future development.

The price fluctuations of Ethereum have always attracted market attention. Recently, the price of Ethereum once broke through the historical high, causing widespread concern and heated discussion. This good news not only attracted the attention of more investors, but also injected new vitality into the entire cryptocurrency market. Investors have started discussions to explore the impact of Ethereum's trend on the entire market.

In the past few years, Ethereum has been continuously improving its technical architecture and is committed to improving the scalability and security of the network. With the launch of Ethereum 2.0, the Ethereum network will undergo a comprehensive upgrade, which is expected to further improve its performance and efficiency. This move is generally considered by the market to be an important milestone in the future development of Ethereum and is expected to bring more development opportunities to it.

In addition to technical development, Ethereum's community building has also attracted much attention. The Ethereum community has many loyal supporters and developers who work together to promote the healthy development of the Ethereum ecosystem. The vitality and cohesion of the community not only injects new impetus into the development of Ethereum, but also lays a solid foundation for its future development.

As the global digital currency market continues to expand, Ethereum, as an important member, will continue to influence subsequent market changes. Investors need to always pay attention to the trends of Ethereum, grasp the pulse of the market, and make wise investment decisions. At the same time, the volatility of the cryptocurrency market also requires investors to maintain a cautious attitude, view investment risks rationally, and manage risks well in order to move forward steadily amidst market changes.

To sum up, Ethereum, as an important representative of the cryptocurrency market, its trend changes will continue to affect the development of the entire market. Investors need to remain vigilant, pay attention to market dynamics at all times, seize investment opportunities, and make wise decisions. Only in the process of continuous learning and adapting to market changes can we remain invincible in the fierce market competition. May Ethereum rise again and lead the cryptocurrency market to a broader future!

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Ethereum, as the leader of these two rounds of market, once again exerted its strength. The high point rose by 15% on Sunday morning. Bitcoin soared to 12,000 US dollars on Sunday morning. The market sentiment was good, which led Ripple to also exert its strength. The intraday high was close to 20 Points of increase, but just when the market was in a state of joy, the dealers tried to smash the market, and Bitcoin instantly fell to 10,546 US dollars.

The decline of mainstream currencies was even worse. Ethereum fell directly from a high of 415 US dollars to 325 US dollars, an amplitude of 30% in an instant. In the prosperous derivatives market, the strong market control market generated by contracts is like this. When market expectations are unprecedentedly consistent, That is when the main force wields the sickle to harvest. In one hour, the entire network's liquidation funds were close to 8 billion yuan, and the BTC liquidation amount was nearly 5 billion. It is estimated that all the recent admission funds have been harvested by the crops!

Under the main force's 40-meter-long machete, you ran 39 meters and still couldn't escape the fate of being decapitated.

BTC trend (information source: Tradingview)

Returning to the technical side of BTC, in this market with strong banker control, the technical indicators are relatively weak in reference. The K-line trend of the market has broken. In principle, this kind of breaking is a signal of peaking, but the market sentiment is still there, downward. Most of the pins have been withdrawn, so the probability of recovery from market shocks is higher. If there are no huge fluctuations in the recovery process, then the probability of continuing to rise after the recovery is higher. Focusing on the performance of the two leading players, Ethereum and Ripple, should be seen as a compass for market conditions in the short term.

Source of ETH trend information: Tradingview

The market performance of Ethereum is much stronger than that of BTC, and the decline is quickly recovered. If it can stand at 365 US dollars, there is a high probability that it will rise to 500 US dollars again, and you can still go long on dips.