Bitcoinwin investment research: Ethereum may hit the $2,000 mark

特邀专栏作者

2021-02-04 17:49 (UTC+8)

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Because the market is unstable, we don't speculate on market trends, and formulating strategies to face changes is the best choice.

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Because the market is unstable, we don't speculate on market trends, and formulating strategies to face changes is the best choice.

The latest quotations of the Bitcoinwin digital currency platform show that BTC continued to fluctuate and climb within 24 hours, and the price rose from around 36,800 yesterday to the highest around 38,200. In the past two days, the upward trend of BTC has been good, and there has been no major correction in the middle, and the market is also rising close to the moving average. As of now, BTC is reported at 37880, an intraday increase of +2.79%.

Today's mainstream currencies have mixed ups and downs, and Ethereum continues to show its "kingly demeanor". Ether broke a new high around 1695 in the morning, stepped back a bit, and then the bulls rose. In the short-term and small cycle, they are still bulls. The middle track of the Bollinger Bands is clearly supported, and the positive line of the currency price is pulled up. So in the short term, ETH may still perform well.

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Bitcoinwin Quotes ETH-Daily Chart

From the perspective of the big market environment, BTC still has a high probability of fluctuating in the daily center range of 30,000-40,000. Even if the short-term breaks through the internal pressure range of the center around 38,000 and the trend becomes stronger, BTC still needs to get rid of the daily center upward trend. It takes time and changes in macro fundamentals.

The important thing is that BTC has reached a consensus in the market, and the positive signals of institutions entering the market have been fulfilled, so BTC will be more like a leader of emotional stability in the future, and it is no longer possible to skyrocket and plummet, but the wealth effect of BTC and the blockchain world are mainstreamed. The signal of acceptance will be passed on to more external investors, and it is the first priority for these people to enter the market and allocate BTC.

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Bitcoinwin Quotes BTC-Daily Chart

Secondly, we analyze from the fundamentals. Wealth illusions will make investors flood into digital assets other than BTC or varieties with better wealth effects. Then as the mainstream of the blockchain world this year, it can be clear that DeFi and Polkadot are undoubtedly The best option for the wealth effect. The rise of DeFi naturally has to be linked to ETH. After all, most DeFi projects are built on the large platform of ETH.

ETH stumbled at 1300-1400, just for this day to soar into the sky, the ecological first year coin really lived up to our trust, and walked out of the leading market. Whether it is technical or fundamental, with the expansion of DeFi, the scene of Ethereum will become more and more abundant.

As a public chain (in fact, it is equivalent to the infrastructure of a city), the minting rights and taxation rights are all in its own hands, which is of course the most certain leader. This is the simplest ETH logic, and it is also the reason why we have been dead long on it. Of course, the reason for this is that seeing the DeFi ecology and firmly believing that DeFi will become the largest application scenario combining the blockchain world and the traditional financial world, we began to firmly believe that ETH will dominate.

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