4.23 Morning Trading Strategy:

A slight pullback does not change the strong momentum, relying on the vital support line for low-position accumulation Yesterday, Ethereum briefly touched around 2423 before encountering resistance and falling back, with a temporary dip below 2360 during the session. Currently, the price has returned to around 2370, and the overall trend aligns with the expected "dip to confirm" pattern. From the current 4-hour trend perspective, the bullish structure remains very healthy, and today's correction appears to be a healthy buildup. Although the price has pulled back, it has not broken below the support of the MA7 (yellow moving average), which still remains inclined upward. This indicates that the short-term bullish momentum is strong, and the main force is only cleaning out floating positions without exiting the market. Go long directly around 2340, with the initial target at 2470, and a breakout above that to 2550.

Just checked the staking metrics and the queue to join Ethereum's PoS network is hitting levels we haven't seen since 2023 - we're talking about 3 million ETH waiting to get activated. That's roughly 7.3 billion dollars worth at current prices. The activation delay is sitting around 53 days right now, which is pretty substantial. What's interesting is where this demand is coming from. Institutional players and treasury operations like BitMine have been staking heavily - they've locked in nearly 2 million ETH alone. This kind of institutional interest in staking definitely shows confidence in the network's long-term value proposition. On the flip side, the exit queue for stakers is completely cleared now, so if people want to unstake and withdraw their ETH, they can do it almost immediately. That's a healthy sign for liquidity. Overall, seeing this much staking pressure combined with zero exit queue friction is pretty bullish for the network's security and participation metrics.