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Recently, ETH's price movement has indeed been eye-catching. From last night’s 3130 to this morning’s direct surge to 3200, this market rhythm caught many off guard. What is the underlying logic behind this wave of gains? Can it continue to push higher? Let’s take a closer look.
**Global Market Resonance**
Throughout yesterday’s trading session, risk assets around the world were on the move. Asia-Pacific stocks led the rally, with the Korean stock market hitting new record highs and the Japanese market approaching new highs as well. US stock futures surged across the board, and Bitcoin broke through the $93,000 mark. The Meme coin sector was extremely volatile, and even gold and silver couldn’t sit still.
This situation clearly indicates a straightforward fact — global liquidity is pouring into high-risk assets at an incredible rate. In such a market atmosphere, it’s natural for ETH, a key asset in the crypto market, to follow the trend and rise. Not rising would actually be quite strange.
**Technical Signals**
From the 4-hour chart, the MACD has already formed a golden cross, with DIF and DEA both above the zero line, and the histogram maintaining an upward momentum. These indicators collectively suggest that the upward momentum is still quite strong. Of course, specific entry and exit points depend on individual risk preferences and capital management strategies.
Overall, this wave of gains is the result of multiple factors resonating together, but how far it can go depends on how long the global risk asset "big market" can sustain this rally.