币圈老司机🔶BNB|Nov 12, 2025 04:22
Haven’t analyzed the market in a while, been traveling for 25 days straight.
Let’s talk about the international situation first. The U.S. government is expected to reopen between the 12th and 15th. My guess is Friday or next Monday.
The recent crypto crash’s main culprit is the government shutdown, as it leads to liquidity shortages.
When central banks shut down, it becomes impossible to borrow money.
No borrowing means less money in the market, and since crypto is a risk asset, it drops.
Things should improve once the government reopens.
ETH has already broken through all moving averages recently, leaving only the 360-day yearly line.
Right now, it’s hovering around the 180-day half-year line, roughly at 3450.
I predict ETH will climb back above the 180-day line to around 3800 after the government reopens. Long positions can be held.
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