BlackRock ETF Holdings Surpass Grayscale, ETH Short-Term Trend AnalysisOn August 16, according to Arkham monitoring, BlackRock's ETFs IBIT and ETHA surpassed Grayscale's ETFGBTC, BTCMini, ETHE, and ETHMini in on-chain holdings. BlackRock ETFs are now the largest in terms of holdings among all ETF issuers, holding approximately $21,217,107,987 worth of ETH and Bitcoin
BlackRock ETF Holdings Surpass Grayscale, ETH Short-Term Trend Analysis
On August 16, according to Arkham monitoring, BlackRock's ETFs IBIT and ETHA surpassed Grayscale's ETFGBTC, BTCMini, ETHE, and ETHMini in on-chain holdings. BlackRock ETFs are now the largest in terms of holdings among all ETF issuers, holding approximately $21,217,107,987 worth of ETH and Bitcoin.
BlackRock, the world's largest asset management company, entering the cryptocurrency market is undoubtedly a significant milestone in industry development. BlackRock's ETF holdings surpassing Grayscale reflects the increasing recognition of the cryptocurrency market by institutional investors and provides strong support for the future development of the cryptocurrency market.
ETHUSDT.P Review and Short-Term Strategy
Chart Analysis
- Overall Trend: Ethereum (ETH) is currently trading at 2,613.33USDT. From the chart, it can be seen that the price has been fluctuating significantly recently, with bulls and bears engaging in intense battles in key areas.
- Key Levels:
- Support: The main support area below is between 2,360.00USDT and 2,320.00USDT. The green area in the chart shows the significant support role of this area. Every time the price dips to this area, there is a noticeable rebound.
- FVG Area: This area is between 2,360.00USDT and 2,400.00USDT. The FVG (Fair Value Gap) area represents an unfilled range formed during periods of rapid market movement and often exerts a certain pull on market prices. When the price reaches this area, bulls may actively defend it.
- Resistance: The main resistance area above is between 2,651.20USDT and 2,673.69USDT. This area provides significant selling pressure for the market, multiple attempts to break through have been unsuccessful, resulting in price declines.
- Structure Analysis: Ethereum prices have received strong support from the support area between 2,330.00USDT and 2,290.00USDT, rebounding multiple times after reaching this area. As the rebound gradually approaches the resistance area above, the market may test the strength of the bears again. Price fluctuations within the FVG area show that the market has some lingering in this area, with bulls trying to find opportunities within this area.
Risk Control Measures
- Bullish Risk Control: In a bullish strategy, if the price falls below the FVG area of 2,360.00USDT to 2,400.00USDT, bulls should consider stopping losses to avoid further downside risk.
- Bearish Risk Control: In a bearish strategy, if the price breaks through and stabilizes above 2,670.00USDT, bears should stop losses in time to prevent losses caused by market reversals.
Summary
Ethereum is currently between important support and resistance areas, and the market may continue to fluctuate within these areas. Short-term traders should closely monitor these key levels and combine them with market momentum and volume changes to develop appropriate trading strategies. At the same time, strict risk management remains an important measure to deal with market fluctuations.
Short-Term Strategy
- Bullish Strategy: If the price breaks through and stabilizes above 2,670.00USDT, consider going long. Place stop losses at the FVG area of 2,360.00USDT to 2,400.00USDT.
- Bearish Strategy: If the price falls below the support area of 2,360.00USDT to 2,320.00USDT, consider going short. Place stop losses above 2,670.00USDT.
Risk Warning
The cryptocurrency market is extremely risky. Investors should fully understand the relevant risks before trading and take appropriate risk control measures. Do not invest all your funds in the cryptocurrency market and do not invest more than you can afford to lose.
Disclaimer
The above content is for reference only and does not constitute investment advice. Investment is risky, and you should proceed with caution.
Related Reading
- [BlackRock Enters the Cryptocurrency Market](https://www.example.com/article/bellek-crypto)
- [Ethereum Price Analysis](https://www.example.com/article/eth-price-analysis)
- [Cryptocurrency Trading Risk](https://www.example.com/article/crypto-trading-risk)
Keywords
BlackRock, ETF, Grayscale, Bitcoin, Ethereum, ETHUSDT, Price Analysis, Trading Strategy, Risk Control, Short-term Trading, Cryptocurrency Market
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