According to crypto assets market analyst Mark Newton's latest views, the current market conditions for Ethereum (ETH) present an attractive risk-reward ratio. He predicts that ETH may form a temporary bottom near $4300 in the near term, followed by a potential rebound, with target prices reaching $5100, and possibly challenging the $5400-5450 range.
The logic behind this viewpoint includes: First, after ETH's pullback from its historical high, it has released some pressure in the short term, providing a relatively favorable entry opportunity for new funds. Second, the $4300 area corresponds exactly to the price level where bulls and bears previously had fierce battles; if it can stabilize here, it is likely to become an important support for a new round of increases. Finally, the $5100-5450 area is not only an important psychological level but could also become a potential new high area driven by market funds.
Overall, the trend of ETH may show a "first probing the bottom, then rebounding" rhythm. For investors focusing on the mid-term trend, this stage could be a key turning point worth closely monitoring.
However, market participants should remain vigilant about several key factors: the potential impact of the correlation between U.S. stocks and U.S. bond yields on the liquidity of the crypto assets market, the entry of mainstream institutional funds in the $4300 range, and the influence of Bitcoin (BTC) movements on Ether (ETH). These factors may significantly affect the short-term trend of ETH.
It is worth noting that the Crypto Assets market has always been highly volatile, and investors should carefully assess risks when making decisions and develop appropriate strategies based on their own risk tolerance and investment goals.
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According to crypto assets market analyst Mark Newton's latest views, the current market conditions for Ethereum (ETH) present an attractive risk-reward ratio. He predicts that ETH may form a temporary bottom near $4300 in the near term, followed by a potential rebound, with target prices reaching $5100, and possibly challenging the $5400-5450 range.
The logic behind this viewpoint includes: First, after ETH's pullback from its historical high, it has released some pressure in the short term, providing a relatively favorable entry opportunity for new funds. Second, the $4300 area corresponds exactly to the price level where bulls and bears previously had fierce battles; if it can stabilize here, it is likely to become an important support for a new round of increases. Finally, the $5100-5450 area is not only an important psychological level but could also become a potential new high area driven by market funds.
Overall, the trend of ETH may show a "first probing the bottom, then rebounding" rhythm. For investors focusing on the mid-term trend, this stage could be a key turning point worth closely monitoring.
However, market participants should remain vigilant about several key factors: the potential impact of the correlation between U.S. stocks and U.S. bond yields on the liquidity of the crypto assets market, the entry of mainstream institutional funds in the $4300 range, and the influence of Bitcoin (BTC) movements on Ether (ETH). These factors may significantly affect the short-term trend of ETH.
It is worth noting that the Crypto Assets market has always been highly volatile, and investors should carefully assess risks when making decisions and develop appropriate strategies based on their own risk tolerance and investment goals.