3.8 Zhang Lihui: Trump signs executive order on Bitcoin reserves, the crypto market is changing rapidly! Today's latest Ethereum (ETH) market analysis and trading reference!

CN
11 months ago

3.8 Ethereum Latest Market Analysis

On March 6, local time in the United States, Trump signed an executive order to establish a strategic Bitcoin reserve. This reserve is capitalized with approximately 200,000 Bitcoins held by the federal government, and the U.S. has made it clear that it will not sell the Bitcoins in the reserve. Additionally, a U.S. digital asset reserve has been established to hold other digital assets confiscated in criminal or civil lawsuits.

Upon the announcement, the market briefly dipped. In the short term, the positive news turned into negative sentiment, as the market had already priced in the news beforehand. However, in the long run, this "zero-cost accumulation" strategy is significant. Trump is converting confiscated assets into strategic reserves, avoiding the risk of congressional appropriations while granting Bitcoin the legitimacy of "digital gold." Essentially, this is backing cryptocurrency with national credit, similar to how the decoupling of the dollar from gold in 1971 reshaped the global monetary system. The Bitcoin strategic reserve in 2025 is challenging fiat currency hegemony. It is worth noting that the U.S. is simultaneously establishing a "digital asset storage" that includes various tokens such as ETH and XRP in its reserves. Bitcoin, as a value anchor of "digital gold," allows other tokens to serve as a testing ground for technological innovation. This layered strategy maintains Bitcoin's status while leaving room for the development of the blockchain ecosystem. This policy encourages global conservative capital to reassess asset allocation, and the U.S. commitment to "never sell" 200,000 Bitcoins eliminates approximately $18 billion in selling pressure, boosting the bull market. Based on this, it can be predicted that the Bitcoin ETF scale will exceed one trillion dollars, the crypto reserve war will intensify, the dollar hegemony will undergo digital transformation, and the compliance wave will cause many altcoins to go to zero, potentially triggering blockchain sovereignty conflicts.

Against this backdrop, Ethereum's market is also under close scrutiny. The long positions set up in the ETH 2165 - 2115 range yesterday gained over a hundred points, reaching the first target of 2250 perfectly. Despite the positive non-farm payrolls, market fear is prevalent, and after rebounding from the 4-hour MA220, the price faced selling pressure and fell back, with the upper band pressing down, and the highs decreasing, indicating a "bearish trend forming." However, Lihui believes that Trump's strategy may prompt other countries to follow suit. From an investor's perspective, Ethereum's price is at a low point, and the focus should be on going long, avoiding deep short positions. The L2 upgrade is also an important point of interest for Ethereum's future.

In terms of operational advice, as of March 8, 14:38 Beijing time, it is recommended to lightly test long positions below 2120, with a stop loss below 2070 and a target of 2170 - 2220. If it breaks above 2230 - 2250, it can be held until above 2280; if a stop loss is triggered, adjust to enter below 2020, with the target unchanged. For high short positions, refer to the 4-hour key resistance point, and specific operations should be consulted with Zhang Lihui based on real-time changes. Please note that there may be delays in article review and push notifications, and the market is volatile. Specific entry opportunities should be combined with real-time operations, and the suggested points in the article are for reference only. Avoid heavy positions and ensure to set take profit and stop loss.

There may be delays in article review and push notifications, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, and the suggested points in the article are for reference only. Do not operate with heavy positions, and please ensure to set take profit and stop loss when entering, and take profits when favorable!

I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I have conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. I welcome comments and messages from those who are not familiar with trading!

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This article is exclusively published by (WeChat public account: Zhang Lihui) and is for reference only. Risks are borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges and willing to explore. As the saying goes, "The road ahead is long and has no ending; yet high and low I'll search with my will unbending." I hope we keep pace with the times, draw wisdom, travel thousands of miles, weather storms, and gain insights into life.

May you, under Lihui's guidance, leverage strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intentions. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and together compose a glorious future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey full of challenges and opportunities!

Warm Reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading!

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