Bloodbath begins! Trump’s nuclear bomb blasts through the crypto world, 9 trillion in pensions bloodily pouring into ETH tonight! $3900 lifeline!

Bloodbath in the crypto world! Trump’s decree ignites a massive ETH rally, tonight's battle is at $3900!

Policy nuclear bomb detonates the crypto world: 401(k) pension funds enter the crypto market
President Trump signed an executive order today allowing a $9 trillion scale of 401(k) retirement funds to directly invest in alternative assets such as cryptocurrencies and gold! This news was like a depth charge, directly triggering the Ethereum (ETH) market—within 24 hours, ETH violently surged from $3574 to $3728, with a daily increase of over 4% and a trading volume spike of $7 billion!
According to a report by Bloomberg, this policy will completely break the traditional rule of pension funds "only investing in stocks and bonds". Institutions such as BlackRock and Blackstone are already eager to act. Data shows that if 10% of the 401(k) funds flow into the crypto market, it will bring an additional $870 billion, equivalent to 22% of the current total market value of the crypto market! As the leading public chain, ETH will become the preferred target for institutional funds.

Technical face-off: Is $3900 within reach?
From the market data, ETH is facing a critical decision:
Resistance level at $3700: The upper Bollinger Band indicator ($3705) and the Fibonacci 0.0% retracement line ($3825) create a double resistance, and short-term caution is needed for profit-taking.
Support level at 3542 USD: Since July, this price level has effectively supported three times, coupled with the current Gas fee dropping to 0.5 USD, the proportion of small transactions has soared to 39%, indicating strong buying power from retail investors.
It is worth noting that the funding rate for ETH perpetual contracts remains positive, but the long-to-short ratio is only 1.2:1, indicating that the market is not blindly bullish. Technical analyst William Clemente pointed out: "The NVT ratio has fallen to historical lows, which is a signal that the price is undervalued, but caution is needed regarding a short-term overbought pullback."

Institutional Shadow War: Blackstones are quietly building positions.
Although the policy details have not yet been implemented, institutions have already cast their votes with real money:
Coinbase data shows: the ETH holdings of institutional wallet addresses have surged by 470,000 coins in the past 30 days, worth over 1.9 billion dollars.
SEC filing reveals: BlackRock's ETH trust holdings have reached 832,000 coins, a 218% increase compared to Q4 2024.
On-chain data: The number of active ETH addresses reached 1.07 million per day, surpassing the peak of 23% during the 2021 bull market.
What is even more alarming is that the Solana network experienced a 7-hour outage yesterday, while the Ethereum client Prysm maintained a 99.998% online rate during stress tests. Funds are migrating from "high-risk" public chains to the "stable" Ethereum, with the value of assets crossing to Ethereum reaching $420 million in the past 30 days.
Tonight's life-and-death line: $3900 or $3700?
Combining favorable policies with the technical aspect, two major scenarios are presented:
Optimistic scenario: If the policy details are clarified tonight regarding 401(k), institutional funds may enter the market rapidly, and ETH is expected to break through the resistance level of $3825, aiming for $3900. However, caution is needed for a potential false breakout and pullback at the BOLL upper band ($3705).
Conservative scenario: If the policy implementation is delayed and short-term profit-taking occurs, ETH may dip back to around $3600. However, the strong support level at $3542 remains, so there is no need to panic.
Three major suggestions for ordinary retail investors:
Mainly spot, supplemented by leverage: Allocate 60% of funds to ETH spot and participate in staking, 30% to layout Layer 2 ecosystem tokens (such as ARB, OP), and 10% for hedging options trading.
Beware of the "policy delay" trap: If Trump's executive order is not signed before August 15, precaution against a short-term pullback is necessary.
Focus on the "Safe Harbor" mechanism: The Department of Labor will subsequently issue regulatory details, and custody requirements, information disclosure, and other provisions may affect the liquidity of small and medium-sized platforms.
The technical aspect of ETH is facing a critical resistance level at $3820. In the short term, caution is needed for a potential overbought pullback, but strong support at $3542 combined with institutional buying provides a safety cushion. The funding rate is positive, but the long-short ratio is cautious, and the NVT ratio at historical lows suggests undervaluation. If it breaks through $3850, it is likely to challenge $3900; if policy delays occur, there is a possibility of a pullback to $3700, but structural capital inflows support the long-term trend.
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