Market Overview - The current market atmosphere indicates a focus on short-term trading, with many investors seeking quick profits, which contrasts with a long-term investment perspective that emphasizes patience and broader trends [2] - The cryptocurrency market is experiencing interesting conditions, including a loosening monetary environment, advancing regulatory frameworks, potential ETF approvals, and increasing institutional participation, all of which could lead to structural changes and passive capital inflows in the long run [2] Ethereum Price Analysis - There is speculation about whether Ethereum (ETH) can reach $5,000 again, with a belief that this price point is achievable, and even $10,000 is considered a reasonable psychological target, although it is acknowledged that this is a matter of time and personal investment commitment [3][4] - The recent price action shows ETH nearing a critical support level between $3,600 and $3,800, with a hope that it does not fall below $3,600, influenced by potential catalysts in Q4, such as further interest rate cuts by the Federal Reserve and the outcomes of altcoin ETF reviews [7][9] Trading Strategies - It is recommended to have both Plan A and Plan B for trading, where if the target of selling ETH at $5,000 is not met, a contingency plan should be in place to manage potential market downturns [4] - To mitigate trading risks, it is advised to use funds that do not impact daily life and to adopt a strategy of buying and selling in increments rather than trying to time the market perfectly [4] Technical Indicators - On a daily chart, ETH's Relative Strength Index (RSI) is approaching an oversold region, suggesting a potential for a local rebound based on historical patterns [5] - The weekly RSI appears neutral, but there are signs of bearish divergence, and the MACD momentum is weakening, indicating a possible deeper correction if the MACD line crosses downward [7][9] Institutional and ETF Focus - The overall cryptocurrency market remains influenced by Bitcoin's (BTC) performance, and attention should be paid to the inflow and outflow of funds related to existing ETFs, as well as changes in institutional holdings of ETH [7] - The analysis of institutional positions, such as BMNR's ETH holding cost around $3,800, is crucial for understanding market dynamics [7] Airdrop Participation - There is a growing interest in participating in Alpha airdrops, particularly among newcomers, with suggestions to research independently rather than relying on paid courses [11][12] - It is emphasized that not all airdrop projects are worth pursuing, and participants should focus on those with higher certainty and potential [19] DeFi Investment Strategies - For DeFi investments, it is important to create a reliable project list and to use tools like DeFiLlama for filtering potential investment opportunities based on various criteria such as TVL and APY [21][22] - Investors should prioritize projects that are audited, have a significant TVL, and possess unique features or strong community support to mitigate risks [25][26]