The Trump family is making a bold move this time—directly investing 500 million USD into Ethereum, in conjunction with the recent "major upgrade" signals released by Vitalik Buterin, the market is starting to ponder: Is ETH really going to da moon this time?
Currently, ETH is hovering around 3000 USD, and to be honest, this position is quite delicate. Many people are worried about false breakouts and are afraid of getting stuck after chasing highs. But from another perspective, the real opportunity often comes not during crazy surges, but during pullbacks when confirmations occur. Tonight, the US stock market is closed, so there shouldn't be much volatility. If it holds after a pullback, it might actually be a good buying point. Target? Some are calling for it to hit 8000 USD in 38 days, which sounds exaggerated, but in this market, who can say for sure?
On the other hand, ZEC is doing much worse. The daily chart is still falling, and the four-hour chart has shown three consecutive sell signals, with the technical indicators being extremely weak. In the short term, the 470 level may need to be tested. If there are obvious signs of a breakdown, it might be possible to aim for a short rebound, but if it truly breaks down, we’ll have to see how far it can fall.
Let me mention something on a macro level: the US dollar index has recently been viewed pessimistically by a bunch of large institutions, with predictions suggesting it might drop to 95 next year. What does this mean? Money needs to find a place to go, traditional safe-haven assets are no longer appealing, and the crypto market is likely to become a safe haven for funds.
Summary of the thought process: ETH is watching for pullbacks, and ZEC, among others, is being shorted on rebounds. Maintaining a steady rhythm is better than blindly chasing the rise. Do you think Ethereum can reach 8000 this time? Or should we run after it rises halfway?