Track real-time hotspots in the currency circle, grasp the best trading opportunities, today is Thursday, February 6, 2025, I am Wang Yibo! Good morning, coin friends ☀ Iron fans check in 👍 Like and make a fortune 🍗🍗🌹🌹

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This wave of crazy selling off of Ethereum, BlackRock crazy low buying cheap chips. Institutional main force joint trading a clearing leverage, blowing up contract longs, and then taking the opportunity to crazily grab chips at a low spot. This wave, both big players, retail investors, and old leeks, all failed to escape. But that's the cryptocurrency market, one thought to heaven, one thought to hell. It is likely that Ethereum will start to show its strength in the future, but the subsequent performance has nothing to do with most people anymore!
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Many people are currently dissatisfied with Ethereum, and even lose confidence in holding Ethereum. Here, Yibo wants to re-inject everyone with a strong heart needle and strengthen everyone's faith! In this round of market, Ethereum carries the deep expectations of many old leeks and retail investors. Everyone generally holds such logic: investing in Bitcoin, while the security is high, the potential for growth is relatively limited; investing in Ethereum, not only has sufficient security, but also has a more considerable growth expectation. This mentality has led to a large number of investors pouring into Ethereum, resulting in a large number of 'boarding' people and increased market pressure. In addition, the current lack of a large amount of institutional funds injection, Ethereum's development seems to be facing certain difficulties.
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But is Ethereum really so unbearable? Looking back over the past two years, Ethereum's price has broken through 4000 four times, nearly quintupling from the lowest point; if calculated from the 1000 price range, there is also a 3-4 times increase. Such performance clearly cannot be called bad, this is an objective fact that we must respect. Despite this fact, Ethereum has been severely disrupted by negative information (FUD). However, in the recent market volatility, the clearing of leverage and contracts was very thorough, which means that when Ethereum prices rise in the future, the selling pressure will be relatively limited. More importantly, Ethereum is about to undergo a major upgrade. This upgrade is of extraordinary significance. Once completed, it will truly enable the global population of 8 billion to trade on its platform, which is undoubtedly a milestone in a huge technological leap. From historical experience, each upgrade of Ethereum is accompanied by significant price increases. Therefore, everyone must hold firm, do not easily change positions in the near future, and seize the opportunity for Ethereum to take off.
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Bitcoin is still in a volatile adjustment phase. A small upward move encountered strong resistance at the 99000 level in the evening and failed to stabilize above. Currently, it is retesting and accumulating strength. From a technical perspective, the daily chart shows a large bearish candlestick and a one-sided pullback. Previously, after the pullback and stabilization around the 96000 level, a bullish counterattack was initiated and momentum was accumulated for another push. In this case, the bullish momentum will be stronger. In the short term, attention should be paid to whether the support around the 97500 level on the daily chart continues to stabilize. Looking at the 4-hour chart, the market rebounded to around 102000 and formed a stair-step downward movement. However, the pullback to the 96000 level stabilized, so the bearish pullback can focus on the support at the 96000 level. Currently, the market still needs to pay attention to the battle around the midline. A second breakthrough and subsequent pullback under pressure from the moving average have formed a bearish signal crossover. However, it will not have too much impact based on the current support. In early trading, it is still advisable to buy on dips first and take profits in a timely manner after volume increase.