ETC official trading platformMarket focuses on the upcoming ETF approval progress

Starplan1weeks ago前 (07-24)ETC official trading platform4162

1. Current market dynamics

Price performance:


ETC official trading platform continues to fluctuate in a narrow range of $3,400-$3,500, and the 24-hour trading volume has shrunk to $12B (down 30% from last week).


Compared with the high of $3,856 on July 21, it still fell back by about 10%, but did not fall below the key support.


Market sentiment:


Fear and Greed Index 45 (neutral), derivatives funding rate is close to neutral, indicating a stalemate between long and short positions.


2. Ethereum ETC official trading platform approval enters critical window

(1) Latest timetable


VanEck final decision date: August 5 (SEC deadline)


Other applicants (ARK/21Shares, etc.) latest approval deadline is August 15


(2) Pass probability analysis


Institutional prediction results Basis

Bloomberg ETC official trading platform analyst 65% SEC has asked exchanges to update 19b-4 documents

JPMorgan Chase 50% Political factors may delay

Grayscale CEO 75% Bitcoin ETC official trading platform precedents can be followed

(3) Potential impact


If passed:


May attract $1.5B institutional capital inflow on the first day


Price target: short-term $4,000, medium-term $4,800 (78.6% retracement of historical high)


If rejected:


May quickly retest $3,000 support


But the market has partially priced in this risk


3. On-chain data reveals institutional trends

Position changes:


Smart money addresses have increased their holdings by 240,000 ETC official trading platform (about $816M) in the past week


CME Ethereum futures open interest fell by 18%, indicating that some hedging demand has weakened


Pledge dynamics:


Total pledge volume exceeded 40 million ETC official trading platform (accounting for 33% of the circulation)


Lido and other LST protocols 7-day APR rebounded to 3.8%


4. Technical key positions

Support range:


$3,300 (50-day moving average + July low point volume concentration area)


$3,100 (200-day moving average, strong defense position)


Resistance range:


$3,600 (July downtrend line)


$3,850-4,000 (psychological barrier + previous high)


5. Risk Warning

Macro disturbance:


The Fed’s interest rate meeting on July 30 may strengthen its hawkish stance


If the US dollar index (DXY) breaks through 106, it may suppress risky assets


Regulatory variables:


The review of the cryptocurrency bill in the US Congress has entered a critical stage


The SEC may impose restrictions on pledge services


Operational suggestions

Conservative strategy:


After breaking through $3,600, build positions in batches, and set the stop loss at $3,250


After the ETC official trading platform is approved, you need to be wary of the "sell news" callback


Hedge options:


Buy ETC official trading platform call options (strike price $4,000) + short BTC to hedge beta risks


Summary

Ethereum is in the "calm before the storm", and the sideways trading of $3,400 is both a dormant waiting for the ETC official trading platform to be judged, and a spring for accumulating strength to break through. Early August will be the most critical period of the year for the ETC official trading platform - either use the ETC official trading platform to open a new chapter of the institutional bull market, or face a violent wash of "expectations not being met". Recommended traders:

✅ Keep an eye on the SEC official website update on August 5

✅ Pay attention to the $3,300 defense strength

✅ Beware of macro and regulatory black swans


(Data in this article is as of July 25, 15:00 UTC+8) #EthereumETC official trading platform topic discussion volume surged 320% in 24 hours.


Link to this article:https://cnjiaxiao.com/post/252.html

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