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.
ETH3.94%
BTC0.77%
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DaoResearchervip
· 1h ago
According to the liquidity model in the white paper, this wave of global asset reallocation is actually a typical case of Token economics— the relative return of high-risk assets increases, directly triggering a reallocation of capital flows. From the data performance, the linked rise of BTC breaking 93,000 and ETH reaching 3,200 essentially validates Vitalik's previous views on market cycles. However, there is a governance mechanism issue worth noting: whether this global liquidity-driven rally can continue depends critically on the support level of risk assets' Weighted Voting, that is, the continued participation of institutions. If this assumption holds, our current position is actually quite fragile. It is recommended to first look at the fund flow data of DeFi protocols. If the staking ratio is still rising, it indicates that the market's confidence in this wave of gains is not very high.
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NFTBlackHolevip
· 01-05 03:53
3130 to 3200 is already exciting, what about the rest? Can it break 3300? Really Global liquidity is pouring into high-risk assets, this wave definitely has confidence. But I'm more concerned about how long it can last, don’t want another plunge. MACD golden cross, I've heard this explanation too many times, the key is to see how far this wave can go. Feels like it could easily crash. BTC is already at 93,000, can ETH just relax? It should have surged earlier, brother. This rhythm is making me question life again. Who knows if tomorrow will be heaven or hell. Liquidity is flooding into risk assets like crazy, it's normal for ETH to ride the hype. But when it really matters, it still depends on the market’s mood. Is there resistance at the 3200 level? Feels like the upward momentum might be capped here. I'm really tired of following the trend of rising together. The key is whether it can hold the gains.
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DegenDreamervip
· 01-05 03:37
70 bucks ran away, now I see it going up and I just want to smash the screen
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ForkItAllvip
· 01-05 03:34
3130 to 3200 is just an hour's work, really nothing surprising. I'm convinced by this wave of global liquidity frenzy, but honestly, I have no idea how long ETH can hold up. MACD golden cross, DIF above the zero line—basically, it's going up... The question is, when will it top out? Bitcoin is already at 93,000, so ETH following suit is very normal... Just see if it can keep going strong.
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ForkItAllDayvip
· 01-05 03:25
Wow, 3130 was directly pushed to 3200, this momentum is incredible. Liquidity is pouring into high-risk assets, can ETH not rise? Just going with the flow. MACD has a golden cross, but whether it can break through depends on when the market will face reality. The whole world is restless, so let's join in the chaos. Anyway, most people haven't figured it out yet. The 3200 level is a bit risky, let's see if it can hold steady before making any judgments. Korean stock market hits a new high, Meme coins are going crazy, ETH's recent gains are actually quite modest. It feels like another wave of experts cutting down amateurs is about to begin.
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