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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
#美联储降息预期升温# The current price of Ethereum is challenging a strategic support range, which is crucial like the market's last line of defense. From a technical analysis perspective, although the MACD indicator has not yet fully formed a death cross, the green histogram is gradually narrowing, suggesting that the bearish momentum is weakening, and market participants are currently in a stalemate.
From a broader time frame perspective, the medium-term upward structure remains intact, and the overall upward market pattern has not been disrupted, with bulls still holding a dominant position in the market. Investors should pay special attention to the relationship between trading volume and price changes near the support level. If there is an increase in trading volume accompanied by signals of price stability, this may indicate that a better entry opportunity is about to emerge.
According to Technical Analysis, the 4480-4510 range may be a buy zone worth considering, with price targets set around 4700 and 4750. The resilience shown by Ether during this phase is noteworthy, and the market may soon welcome a new round of price fluctuations.