ETH merge leads to recovery in the crypto market, ETH is expected to break through 2000 USD.

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The crypto market is experiencing a phase of recovery, and a new round of market trends can be expected.

Recently, both the traditional financial market and the crypto market have shown positive signs. The U.S. July CPI data came in below expectations at 8.5%, a decrease from last month's high of 9.6%. This suggests that inflationary pressures may be easing, and the market has reacted positively to this.

Exploring the core narrative and track sorting of the next stage of the crypto market

From the perspective of wealth loss, this year's crypto market decline is more severe than in previous years. The collapse of Luna and the chain reaction led to a market value evaporation of over 70 billion dollars. However, this also means that a large-scale sell-off is unlikely to occur again in the short term, and the bottom may have already formed.

Exploring the core narrative and track sorting of the next stage of the crypto market

The current crypto market is highly correlated with traditional financial markets. As risk appetite returns, the crypto market is also showing signs of warming up. However, Bitcoin may lag behind some altcoins with clearer narratives.

Exploring the Core Narratives and Track Sorting of the Next Phase of the Crypto Market

Ethereum leads the rally with expectations of the merge. ETH below $1800 is worth buying, unless it falls below the support level of $1650. ETH is expected to break through $2000 during the merge in mid-September.

Exploring the core narratives and track sorting of the next stage of the crypto market

Dogecoin and other meme coins have recently shown unusual movements, which may indicate that a new round of market trends is about to arrive. However, it may also just be a rotation in the rebound of the bear market.

Exploring the core narratives and track sorting of the next stage of the crypto market

Solana is expected to improve performance after the network upgrade, and technically, $48.5 is a key resistance level.

Exploring the core narrative and track sorting of the next stage of the crypto market

Chilliz continues to make strides in the sports fan economy, with the potential to dominate the NFT + sports market. Technically, $0.30 is a strong resistance.

Exploring the core narrative and track sorting of the next stage of the crypto market

Overall, the worst period of the market may have passed. It is unlikely that new lows will occur before the Ethereum merger. Investors can focus on mainstream assets like ETH and SOL, as well as meme coins like SHIB and DOGE. The market is expected to maintain a good momentum in the coming month, and if the macro environment improves further, new investment opportunities will arise.

Exploring the Core Narrative and Track Sorting of the Next Stage of the Crypto Market

Exploring the Core Narratives and Track Sorting of the Next Stage of the crypto market

Exploring the core narrative and track sorting of the next stage of the crypto market

Exploring the core narrative and track sorting of the next stage of the crypto market

Exploring the core narrative and track sorting of the next stage of the crypto market

Exploring the core narrative and track sorting for the next stage of the crypto market

Exploring the core narratives and track sorting for the next stage of the crypto market

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ForkThisDAOvip
· 10h ago
Buy at 1650 or you won't be able to touch the Floor Price.
View OriginalReply0
MEV_Whisperervip
· 23h ago
Stop rehashing old ideas, 1650 is no longer effective.
View OriginalReply0
LayerHoppervip
· 08-10 18:57
Fall so much finally added up, not easy.
View OriginalReply0
gas_fee_therapistvip
· 08-10 18:27
It's done, the back row is ready.
View OriginalReply0
PhantomMinervip
· 08-10 18:23
It's time to answer the yellow line phone again.
View OriginalReply0
RektButAlivevip
· 08-10 18:19
The bottom is right in front of us, All in eth
View OriginalReply0
LeekCuttervip
· 08-10 18:05
I have been buying the dip for a year, and I can still play people for suckers.
View OriginalReply0
CryingOldWalletvip
· 08-10 18:03
buy the dip came too early again, watching the Wallet getting thinner
View OriginalReply0
NotGonnaMakeItvip
· 08-10 18:03
Laughing to death, let's see who still dares to buy the dip.
View OriginalReply0
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