Ethereum (ETH) &#273;&atilde; v&#432;&#7907;t qua m&#7889;c 4,200 USD, b&aacute;o hi&#7879;u s&#7921; l&#7841;c quan m&#7899;i t&#7915; c&aacute;c nh&agrave; &#273;&#7847;u t&#432;. Tuy nhi&ecirc;n, c&aacute;c nh&agrave; ph&acirc;n t&iacute;ch v&#7851;n chia r&#7869; v&#7873; vi&#7879;c li&#7879;u &#273;&#7907;t t&#259;ng gi&aacute; n&agrave;y c&oacute; &#273;&#7841;i di&#7879;n cho m&#7897;t xu h&#432;&#7899;ng t&#259;ng b&#7873;n v&#7919;ng hay ch&#7881; l&agrave; m&#7897;t c&aacute;i b&#7851;y t&#259;ng gi&aacute; ti&#7873;m n&#259;ng.
Ethereum &#273;&atilde; t&#259;ng v&#432;&#7907;t qua 4,200 USD v&agrave;o th&#7913; Hai, &#273;&aacute;nh d&#7845;u m&#7897;t ng&#432;&#7905;ng t&acirc;m l&yacute; quan tr&#7885;ng v&agrave; kh&#417;i l&#7841;i cu&#7897;c th&#7843;o lu&#7853;n v&#7873; kh&#7843; n&#259;ng m&#7897;t giai &#273;o&#7841;n t&#259;ng gi&aacute; trung h&#7841;n.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-structural-drivers-behind-the-rally">C&aacute;c y&#7871;u t&#7889; c&#7845;u tr&uacute;c th&uacute;c &#273;&#7849;y &#273;&#7907;t t&#259;ng gi&aacute;</h2>

C&aacute;c nh&agrave; quan s&aacute;t th&#7883; tr&#432;&#7901;ng theo d&otilde;i ch&#7863;t ch&#7869; c&aacute;c ch&#7881; s&#7889; c&#7909; th&#7875;, bao g&#7891;m c&aacute;c giao d&#7883;ch mua th&#7921;c t&#7871;, d&ograve;ng l&#7879;nh l&#7899;n v&agrave; s&#7921; c&acirc;n b&#7857;ng gi&#7919;a &aacute;p l&#7921;c mua v&agrave; b&aacute;n. Nh&#7919;ng quan s&aacute;t n&agrave;y d&#7921;a tr&ecirc;n c&aacute;c ph&acirc;n t&iacute;ch &#273;&#432;&#7907;c chia s&#7867; b&#7903;i c&aacute;c nh&agrave; ph&acirc;n t&iacute;ch ti&#7873;n &#273;i&#7879;n t&#7917; nh&#432; @swarmister v&agrave; @acethebullly tr&ecirc;n X (tr&#432;&#7899;c &#273;&acirc;y l&agrave; Twitter), l&agrave;m n&#7893;i b&#7853;t c&#7845;u tr&uacute;c th&#7883; tr&#432;&#7901;ng hi&#7879;n t&#7841;i v&agrave; c&aacute;c k&#7883;ch b&#7843;n &#273;&#7897;t ph&aacute; ti&#7873;m n&#259;ng.
Nghi&ecirc;n c&#7913;u th&#7883; tr&#432;&#7901;ng t&#7915; c&aacute;c c&ocirc;ng ty ph&acirc;n t&iacute;ch g&#7907;i &yacute; c&aacute;c m&#7909;c ti&ecirc;u trung h&#7841;n trong kho&#7843;ng 4,500 USD &#273;&#7871;n 4,650 USD, &#273;&#432;&#7907;c h&#7895; tr&#7907; b&#7903;i c&aacute;c y&#7871;u t&#7889; c&#417; b&#7843;n. Ethereum h&#432;&#7903;ng l&#7907;i t&#7915; h&#7879; sinh th&aacute;i &#273;ang m&#7903; r&#7897;ng c&#7911;a m&igrave;nh, bao g&#7891;m <a href="https://beincrypto.com/learn/tradfi-vs-defi-guide/" target="_blank" rel="noopener">t&agrave;i ch&iacute;nh phi t&#7853;p trung (DeFi)</a>, nhu c&#7847;u staking ng&agrave;y c&agrave;ng t&#259;ng v&agrave; s&#7921; ph&aacute;t tri&#7875;n nhanh ch&oacute;ng c&#7911;a c&aacute;c gi&#7843;i ph&aacute;p m&#7903; r&#7897;ng Layer 2.
T&#7915; g&oacute;c &#273;&#7897; k&#7929; thu&#7853;t, s&#7921; ph&#7909;c h&#7891;i c&#7911;a ETH t&#7915; m&#7913;c 3,900 USD ph&ugrave; h&#7907;p v&#7899;i m&#7897;t m&ocirc; h&igrave;nh h&#7907;p nh&#7845;t r&#7897;ng h&#417;n. &#272;&#432;&#7901;ng trung b&igrave;nh &#273;&#7897;ng 200 ng&agrave;y, hi&#7879;n g&#7847;n 3,568 USD, &#273;&atilde; &#273;&oacute;ng vai tr&ograve; l&agrave; h&#7895; tr&#7907; d&agrave;i h&#7841;n, trong khi c&aacute;c nh&agrave; giao d&#7883;ch hi&#7879;n &#273;ang theo d&otilde;i li&#7879;u gi&aacute; c&oacute; th&#7875; duy tr&igrave; &#273;&#7897;ng l&#7921;c tr&ecirc;n c&aacute;c &#273;&#432;&#7901;ng trung b&igrave;nh &#273;&#7897;ng h&agrave;m m&#361; 50 v&agrave; 100 ng&agrave;y hay kh&ocirc;ng.
&#272;i&#7873;u ki&#7879;n v&#297; m&ocirc; c&#361;ng c&oacute; th&#7875; &#7911;ng h&#7897; xu h&#432;&#7899;ng t&#259;ng c&#7911;a ETH. V&#7899;i k&#7923; v&#7885;ng v&#7873; kh&#7843; n&#259;ng c&#7855;t gi&#7843;m l&atilde;i su&#7845;t c&#7911;a M&#7929; v&agrave; l&#7907;i su&#7845;t th&#7921;c th&#7845;p h&#417;n, t&acirc;m l&yacute; r&#7911;i ro c&oacute; th&#7875; quay tr&#7903; l&#7841;i, c&oacute; kh&#7843; n&#259;ng chuy&#7875;n d&ograve;ng ti&#7873;n v&agrave;o t&agrave;i s&#7843;n k&#7929; thu&#7853;t s&#7889;.
Nh&agrave; ph&acirc;n t&iacute;ch ti&#7873;n &#273;i&#7879;n t&#7917; @swarmister l&#432;u &yacute; r&#7857;ng Ethereum &#273;ang h&igrave;nh th&agrave;nh m&#7897;t &ldquo;tam gi&aacute;c &#273;&#7889;i x&#7913;ng&rdquo;, th&#432;&#7901;ng l&agrave; m&#7897;t m&ocirc; h&igrave;nh h&#7907;p nh&#7845;t sau m&#7897;t &#273;&#7897;ng th&aacute;i xung l&#7921;c.
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
&ldquo;M&#7897;t s&#7921; h&#7907;p nh&#7845;t gi&aacute; tr&ecirc;n 4,000 USD v&#7899;i kh&#7889;i l&#432;&#7907;ng t&#259;ng v&agrave; delta d&#432;&#417;ng s&#7869; x&aacute;c nh&#7853;n k&#7883;ch b&#7843;n t&#259;ng gi&aacute;,&rdquo; &ocirc;ng n&oacute;i, th&ecirc;m r&#7857;ng m&#7897;t &#273;&#7897;t ph&aacute; c&oacute; th&#7875; n&acirc;ng ETH l&ecirc;n kho&#7843;ng 4,800 USD &#273;&#7871;n 5,600 USD.
</blockquote>

C&aacute;c t&iacute;n hi&#7879;u k&#7929; thu&#7853;t n&agrave;y cho th&#7845;y r&#7857;ng &#273;&#7907;t &#273;&#7897;t ph&aacute; g&#7847;n &#273;&acirc;y c&oacute; th&#7875; &#273;&#7841;i di&#7879;n cho nhi&#7873;u h&#417;n l&agrave; s&#7921; bi&#7871;n &#273;&#7897;ng ng&#7855;n h&#7841;n &mdash; c&oacute; th&#7875; b&aacute;o hi&#7879;u m&#7897;t s&#7921; thay &#273;&#7893;i c&#7845;u tr&uacute;c trong t&acirc;m l&yacute; th&#7883; tr&#432;&#7901;ng.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-market-resistance-and-downside-risks">Kh&aacute;ng c&#7921; th&#7883; tr&#432;&#7901;ng v&agrave; r&#7911;i ro gi&#7843;m gi&aacute;</h2>

Tuy nhi&ecirc;n, c&aacute;c nh&agrave; ph&acirc;n t&iacute;ch c&#7843;nh b&aacute;o r&#7857;ng s&#7921; h&#7913;ng kh&#7903;i c&oacute; th&#7875; l&agrave; qu&aacute; s&#7899;m. D&#7919; li&#7879;u tr&ecirc;n chu&#7895;i cho th&#7845;y d&ograve;ng ti&#7873;n v&agrave;o th&#7921;c t&#7871; h&#7841;n ch&#7871;, trong khi c&aacute;c v&#7883; th&#7871; &#273;&ograve;n b&#7849;y &#273;&atilde; t&#259;ng, cho th&#7845;y kh&#7843; n&#259;ng d&#7877; b&#7883; t&#7893;n th&#432;&#417;ng tr&#432;&#7899;c c&aacute;c &#273;&#7907;t b&aacute;n th&aacute;o do thanh l&yacute;.
Nh&agrave; ph&acirc;n t&iacute;ch k&#7929; thu&#7853;t @acethebullly m&ocirc; t&#7843; th&#7883; tr&#432;&#7901;ng l&agrave; &ldquo;b&#7883; gi&#7899;i h&#7841;n trong ph&#7841;m vi&rdquo;, v&#7899;i ETH &#273;ang h&#7907;p nh&#7845;t gi&#7919;a 4,050 USD v&agrave; 4,100 USD.
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
&ldquo;S&#7921; t&#7853;p trung thanh kho&#7843;n g&#7847;n 4,100 USD &#273;&oacute;ng vai tr&ograve; l&agrave; kh&aacute;ng c&#7921; m&#7841;nh,&rdquo; &ocirc;ng quan s&aacute;t, th&ecirc;m r&#7857;ng c&aacute;c l&#7879;nh b&aacute;n l&#7899;n &#273;&atilde; gi&#7899;i h&#7841;n l&#7907;i nhu&#7853;n m&#7863;c d&ugrave; c&oacute; s&#7921; h&#7845;p th&#7909; mua &#273;&aacute;ng k&#7875; quanh 4,050 USD. &ldquo;Ng&#432;&#7901;i mua &#273;ang b&#7843;o v&#7879; khu v&#7921;c n&agrave;y, nh&#432;ng c&aacute;c b&#7913;c t&#432;&#7901;ng b&aacute;n n&#7863;ng tr&ecirc;n 4,100 USD ti&#7871;p t&#7909;c h&#7841;n ch&#7871; &#273;&#7897;ng l&#7921;c t&#259;ng.&rdquo;
</blockquote>

S&#7921; c&acirc;n b&#7857;ng thanh kho&#7843;n n&agrave;y nh&#7845;n m&#7841;nh &#273;i&#7875;m u&#7889;n hi&#7879;n t&#7841;i c&#7911;a Ethereum. M&#7897;t &#273;&#7907;t t&#259;ng gi&aacute; b&#7873;n v&#7919;ng c&oacute; th&#7875; v&#7851;n kh&oacute; n&#7855;m b&#7855;t tr&#7915; khi ETH v&#432;&#7907;t qua 4,150 USD v&#7899;i kh&#7889;i l&#432;&#7907;ng v&#7919;ng ch&#7855;c. H&#417;n n&#7919;a, <a href="https://beincrypto.com/price/bitcoin/" target="_blank" rel="noreferrer noopener">Bitcoin (BTC)</a> v&#7851;n chi ph&#7889;i &#273;&#7897;ng l&#7921;c th&#7883; tr&#432;&#7901;ng t&#7893;ng th&#7875;, khi&#7871;n ETH kh&oacute; ti&#7871;n l&ecirc;n &#273;&#7897;c l&#7853;p.
N&#7871;u Ethereum kh&ocirc;ng gi&#7919; &#273;&#432;&#7907;c h&#7895; tr&#7907; 4,000 USD, c&aacute;c nh&agrave; ph&acirc;n t&iacute;ch th&#7845;y kh&#7843; n&#259;ng &#273;i&#7873;u ch&#7881;nh v&#7873; 3,900 USD ho&#7863;c th&#7845;p h&#417;n. C&aacute;c r&#7911;i ro v&#297; m&ocirc; r&#7897;ng h&#417;n &mdash; bao g&#7891;m thanh kho&#7843;n th&#7855;t ch&#7863;t, &aacute;p l&#7921;c quy &#273;&#7883;nh m&#7899;i ho&#7863;c s&#7921; thay &#273;&#7893;i kh&ocirc;ng thu&#7853;n l&#7907;i trong t&acirc;m l&yacute; nh&agrave; &#273;&#7847;u t&#432; &mdash; c&#361;ng c&oacute; th&#7875; &#7843;nh h&#432;&#7903;ng &#273;&#7871;n gi&aacute;.
<img style="height:400px;width:640px;" decoding="async" alt="" class="wp-image-765391 lazy" loading="lazy" src="https://assets.beincrypto.com/img/jt_M6g7sAQnC075yYk3LwHReZ_g=/smart/48cbb2239c9f4c78b887e58972b95231">Bi&#7875;u &#273;&#7891; gi&aacute; ETH: <a href="https://beincrypto.com/price/ethereum/">BeInCrypto</a>

<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-can-eth-reach-4-500-by-the-end-of-2025">ETH c&oacute; th&#7875; &#273;&#7841;t 4,500 USD v&agrave;o cu&#7889;i n&#259;m 2025 kh&ocirc;ng?</h2>

M&#7897;t &#273;&#7897;ng th&aacute;i quy&#7871;t &#273;&#7883;nh tr&ecirc;n 4,150&ndash;4,220 USD c&oacute; th&#7875; x&aacute;c nh&#7853;n m&#7897;t &#273;&#7897;t ph&aacute; v&agrave; m&#7903; &#273;&#432;&#7901;ng &#273;&#7871;n 4,400&ndash;4,550 USD. N&#7871;u thanh kho&#7843;n th&#7883; tr&#432;&#7901;ng c&#7843;i thi&#7879;n v&agrave; &#273;i&#7873;u ki&#7879;n v&#297; m&ocirc; &#7893;n &#273;&#7883;nh, &#273;&#7897;ng th&aacute;i n&agrave;y s&#7869; ph&ugrave; h&#7907;p v&#7899;i c&aacute;c d&#7921; b&aacute;o t&#259;ng gi&aacute; &#273;&#432;&#7907;c nhi&#7873;u nh&agrave; ph&acirc;n t&iacute;ch &#273;&#432;a ra.
Ng&#432;&#7907;c l&#7841;i, th&#7845;t b&#7841;i trong vi&#7879;c v&#432;&#7907;t qua kh&aacute;ng c&#7921; c&oacute; th&#7875; k&eacute;o d&agrave;i giai &#273;o&#7841;n h&#7907;p nh&#7845;t, tr&igrave; ho&atilde;n b&#7845;t k&#7923; s&#7921; ti&#7871;n tri&#7875;n b&#7873;n v&#7919;ng n&agrave;o. N&#7871;u c&aacute;c b&#7913;c t&#432;&#7901;ng b&aacute;n ti&#7871;p t&#7909;c t&#7891;n t&#7841;i v&agrave; nhu c&#7847;u th&#7921;c t&#7871; y&#7871;u &#273;i, Ethereum c&oacute; th&#7875; v&#7851;n b&#7883; gi&#7899;i h&#7841;n trong ph&#7841;m vi cho &#273;&#7871;n cu&#7889;i n&#259;m.
T&#7893;ng th&#7875;, kh&#7843; n&#259;ng ETH &#273;&#7841;t 4,500 USD v&agrave;o cu&#7889;i n&#259;m s&#7869; ph&#7909; thu&#7897;c nhi&#7873;u v&agrave;o h&agrave;nh &#273;&#7897;ng gi&aacute; ng&#7855;n h&#7841;n, &#273;&#7863;c bi&#7879;t l&agrave; li&#7879;u s&#7921; t&iacute;ch l&#361;y &#273;ang di&#7877;n ra c&oacute; chuy&#7875;n th&agrave;nh m&#7897;t &#273;&#7897;t ph&aacute; k&#7929; thu&#7853;t &#273;&#432;&#7907;c x&aacute;c nh&#7853;n hay kh&ocirc;ng.
C&aacute;c ch&#7881; s&#7889; quan tr&#7885;ng c&#7847;n theo d&otilde;i bao g&#7891;m:
<ul class="bic-gutenberg-list wp-list list-disc ">
<li>Ho&#7841;t &#273;&#7897;ng mua th&#7921;c t&#7871;: &#272;o l&#432;&#7901;ng c&aacute;c giao d&#7883;ch mua th&#7921;c t&#7871; c&#7911;a ETH tr&ecirc;n c&aacute;c s&agrave;n giao d&#7883;ch, cho th&#7845;y nhu c&#7847;u th&#7921;c v&agrave; s&#7921; tham gia c&#7911;a th&#7883; tr&#432;&#7901;ng.</li>

<li>T&#7927; l&#7879; &#273;&ograve;n b&#7849;y: Ch&#7881; ra t&#7927; l&#7879; v&#7889;n vay trong c&aacute;c th&#7883; tr&#432;&#7901;ng ph&aacute;i sinh, l&agrave;m n&#7893;i b&#7853;t r&#7911;i ro thanh l&yacute;.</li>

<li>B&#7843;n &#273;&#7891; nhi&#7879;t thanh kho&#7843;n: H&igrave;nh dung c&aacute;c khu v&#7921;c n&#417;i c&aacute;c l&#7879;nh mua ho&#7863;c b&aacute;n t&#7853;p trung trong s&#7893; l&#7879;nh, th&#432;&#7901;ng &#273;&oacute;ng vai tr&ograve; l&agrave; h&#7895; tr&#7907; ho&#7863;c kh&aacute;ng c&#7921;.</li>

<li>Hi&#7879;u su&#7845;t <a href="https://vn.beincrypto.com/altseason-signal-eth-btc-nears-crucial-0-032-support-zone/" target="_blank" rel="noreferrer noopener">ETH/BTC</a>: Theo d&otilde;i s&#7913;c m&#7841;nh t&#432;&#417;ng &#273;&#7889;i c&#7911;a Ethereum so v&#7899;i Bitcoin, cho th&#7845;y li&#7879;u c&aacute;c &#273;&#7897;ng th&aacute;i c&#7911;a ETH c&oacute; &#273;&#7897;c l&#7853;p hay b&#7883; chi ph&#7889;i b&#7903;i BTC.</li>
</ul>

Nh&#7919;ng ch&#7881; s&#7889; n&agrave;y &#273;&#432;&#7907;c r&uacute;t ra t&#7915; c&aacute;c quan s&aacute;t k&#7929; thu&#7853;t c&#7911;a c&aacute;c nh&agrave; ph&acirc;n t&iacute;ch. V&iacute; d&#7909;, @swarmister &#273;&atilde; l&#432;u &yacute; s&#7921; h&igrave;nh th&agrave;nh c&#7911;a m&#7897;t tam gi&aacute;c &#273;&#7889;i x&#7913;ng v&agrave; t&#7847;m quan tr&#7885;ng c&#7911;a kh&#7889;i l&#432;&#7907;ng trong vi&#7879;c x&aacute;c nh&#7853;n &#273;&#7897;ng l&#7921;c t&#259;ng. @acethebullly &#273;&atilde; nh&#7845;n m&#7841;nh c&aacute;ch thanh kho&#7843;n t&#7853;p trung g&#7847;n 4,100 USD &#273;&oacute;ng vai tr&ograve; l&agrave; kh&aacute;ng c&#7921; m&#7841;nh v&agrave; c&aacute;ch c&aacute;c l&#7879;nh mua quanh 4,050 USD b&#7843;o v&#7879; h&#7895; tr&#7907;.
Theo d&otilde;i c&aacute;c ch&#7881; s&#7889; n&agrave;y c&oacute; th&#7875; l&agrave;m r&otilde; li&#7879;u &#273;&#7907;t &#273;&#7897;t ph&aacute; g&#7847;n &#273;&acirc;y c&oacute; &#273;&#432;&#7907;c h&#7895; tr&#7907; b&#7903;i nhu c&#7847;u th&#7921;c s&#7921; hay d&#7877; b&#7883; t&#7893;n th&#432;&#417;ng tr&#432;&#7899;c m&#7897;t &#273;&#7907;t &#273;i&#7873;u ch&#7881;nh.

ETH vượt mốc 4,200 USD — Liệu có thể đạt 4,500 USD vào cuối năm?

Ethereum (ETH) &#273;&atilde; v&#432;&#7907;t qua m&#7889;c 4,200 USD, b&aacute;o hi&#7879;u s&#7921; l&#7841;c quan m&#7899;i t&#7915; c&aacute;c nh&agrave; &#273;&#7847;u t&#432;. Tuy nhi&ecirc;n, c&aacute;c nh&agrave; ph&acirc;n t&iacute;ch v&#7851;n chia r&#7869; v&#7873; vi&#7879;c li&#7879;u &#273;&#7907;t t&#259;ng gi&aacute; n&agrave;y c&oacute; &#273;&#7841;i di&#7879;n cho m&#7897;t xu h&#432;&#7899;ng t&#259;ng b&#7873;n v&#7919;ng hay ch&#7881; l&agrave; m&#7897;t c&aacute;i b&#7851;y t&#259;ng gi&aacute; ti&#7873;m n&#259;ng.
Ethereum &#273;&atilde; t&#259;ng v&#432;&#7907;t qua 4,200 USD v&agrave;o th&#7913; Hai, &#273;&aacute;nh d&#7845;u m&#7897;t ng&#432;&#7905;ng t&acirc;m l&yacute; quan tr&#7885;ng v&agrave; kh&#417;i l&#7841;i cu&#7897;c th&#7843;o lu&#7853;n v&#7873; kh&#7843; n&#259;ng m&#7897;t giai &#273;o&#7841;n t&#259;ng gi&aacute; trung h&#7841;n.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-structural-drivers-behind-the-rally">C&aacute;c y&#7871;u t&#7889; c&#7845;u tr&uacute;c th&uacute;c &#273;&#7849;y &#273;&#7907;t t&#259;ng gi&aacute;</h2>

C&aacute;c nh&agrave; quan s&aacute;t th&#7883; tr&#432;&#7901;ng theo d&otilde;i ch&#7863;t ch&#7869; c&aacute;c ch&#7881; s&#7889; c&#7909; th&#7875;, bao g&#7891;m c&aacute;c giao d&#7883;ch mua th&#7921;c t&#7871;, d&ograve;ng l&#7879;nh l&#7899;n v&agrave; s&#7921; c&acirc;n b&#7857;ng gi&#7919;a &aacute;p l&#7921;c mua v&agrave; b&aacute;n. Nh&#7919;ng quan s&aacute;t n&agrave;y d&#7921;a tr&ecirc;n c&aacute;c ph&acirc;n t&iacute;ch &#273;&#432;&#7907;c chia s&#7867; b&#7903;i c&aacute;c nh&agrave; ph&acirc;n t&iacute;ch ti&#7873;n &#273;i&#7879;n t&#7917; nh&#432; @swarmister v&agrave; @acethebullly tr&ecirc;n X (tr&#432;&#7899;c &#273;&acirc;y l&agrave; Twitter), l&agrave;m n&#7893;i b&#7853;t c&#7845;u tr&uacute;c th&#7883; tr&#432;&#7901;ng hi&#7879;n t&#7841;i v&agrave; c&aacute;c k&#7883;ch b&#7843;n &#273;&#7897;t ph&aacute; ti&#7873;m n&#259;ng.
Nghi&ecirc;n c&#7913;u th&#7883; tr&#432;&#7901;ng t&#7915; c&aacute;c c&ocirc;ng ty ph&acirc;n t&iacute;ch g&#7907;i &yacute; c&aacute;c m&#7909;c ti&ecirc;u trung h&#7841;n trong kho&#7843;ng 4,500 USD &#273;&#7871;n 4,650 USD, &#273;&#432;&#7907;c h&#7895; tr&#7907; b&#7903;i c&aacute;c y&#7871;u t&#7889; c&#417; b&#7843;n. Ethereum h&#432;&#7903;ng l&#7907;i t&#7915; h&#7879; sinh th&aacute;i &#273;ang m&#7903; r&#7897;ng c&#7911;a m&igrave;nh, bao g&#7891;m <a href="https://beincrypto.com/learn/tradfi-vs-defi-guide/" target="_blank" rel="noopener">t&agrave;i ch&iacute;nh phi t&#7853;p trung (DeFi)</a>, nhu c&#7847;u staking ng&agrave;y c&agrave;ng t&#259;ng v&agrave; s&#7921; ph&aacute;t tri&#7875;n nhanh ch&oacute;ng c&#7911;a c&aacute;c gi&#7843;i ph&aacute;p m&#7903; r&#7897;ng Layer 2.
T&#7915; g&oacute;c &#273;&#7897; k&#7929; thu&#7853;t, s&#7921; ph&#7909;c h&#7891;i c&#7911;a ETH t&#7915; m&#7913;c 3,900 USD ph&ugrave; h&#7907;p v&#7899;i m&#7897;t m&ocirc; h&igrave;nh h&#7907;p nh&#7845;t r&#7897;ng h&#417;n. &#272;&#432;&#7901;ng trung b&igrave;nh &#273;&#7897;ng 200 ng&agrave;y, hi&#7879;n g&#7847;n 3,568 USD, &#273;&atilde; &#273;&oacute;ng vai tr&ograve; l&agrave; h&#7895; tr&#7907; d&agrave;i h&#7841;n, trong khi c&aacute;c nh&agrave; giao d&#7883;ch hi&#7879;n &#273;ang theo d&otilde;i li&#7879;u gi&aacute; c&oacute; th&#7875; duy tr&igrave; &#273;&#7897;ng l&#7921;c tr&ecirc;n c&aacute;c &#273;&#432;&#7901;ng trung b&igrave;nh &#273;&#7897;ng h&agrave;m m&#361; 50 v&agrave; 100 ng&agrave;y hay kh&ocirc;ng.
&#272;i&#7873;u ki&#7879;n v&#297; m&ocirc; c&#361;ng c&oacute; th&#7875; &#7911;ng h&#7897; xu h&#432;&#7899;ng t&#259;ng c&#7911;a ETH. V&#7899;i k&#7923; v&#7885;ng v&#7873; kh&#7843; n&#259;ng c&#7855;t gi&#7843;m l&atilde;i su&#7845;t c&#7911;a M&#7929; v&agrave; l&#7907;i su&#7845;t th&#7921;c th&#7845;p h&#417;n, t&acirc;m l&yacute; r&#7911;i ro c&oacute; th&#7875; quay tr&#7903; l&#7841;i, c&oacute; kh&#7843; n&#259;ng chuy&#7875;n d&ograve;ng ti&#7873;n v&agrave;o t&agrave;i s&#7843;n k&#7929; thu&#7853;t s&#7889;.
Nh&agrave; ph&acirc;n t&iacute;ch ti&#7873;n &#273;i&#7879;n t&#7917; @swarmister l&#432;u &yacute; r&#7857;ng Ethereum &#273;ang h&igrave;nh th&agrave;nh m&#7897;t &ldquo;tam gi&aacute;c &#273;&#7889;i x&#7913;ng&rdquo;, th&#432;&#7901;ng l&agrave; m&#7897;t m&ocirc; h&igrave;nh h&#7907;p nh&#7845;t sau m&#7897;t &#273;&#7897;ng th&aacute;i xung l&#7921;c.
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&ldquo;M&#7897;t s&#7921; h&#7907;p nh&#7845;t gi&aacute; tr&ecirc;n 4,000 USD v&#7899;i kh&#7889;i l&#432;&#7907;ng t&#259;ng v&agrave; delta d&#432;&#417;ng s&#7869; x&aacute;c nh&#7853;n k&#7883;ch b&#7843;n t&#259;ng gi&aacute;,&rdquo; &ocirc;ng n&oacute;i, th&ecirc;m r&#7857;ng m&#7897;t &#273;&#7897;t ph&aacute; c&oacute; th&#7875; n&acirc;ng ETH l&ecirc;n kho&#7843;ng 4,800 USD &#273;&#7871;n 5,600 USD.
</blockquote>

C&aacute;c t&iacute;n hi&#7879;u k&#7929; thu&#7853;t n&agrave;y cho th&#7845;y r&#7857;ng &#273;&#7907;t &#273;&#7897;t ph&aacute; g&#7847;n &#273;&acirc;y c&oacute; th&#7875; &#273;&#7841;i di&#7879;n cho nhi&#7873;u h&#417;n l&agrave; s&#7921; bi&#7871;n &#273;&#7897;ng ng&#7855;n h&#7841;n &mdash; c&oacute; th&#7875; b&aacute;o hi&#7879;u m&#7897;t s&#7921; thay &#273;&#7893;i c&#7845;u tr&uacute;c trong t&acirc;m l&yacute; th&#7883; tr&#432;&#7901;ng.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-market-resistance-and-downside-risks">Kh&aacute;ng c&#7921; th&#7883; tr&#432;&#7901;ng v&agrave; r&#7911;i ro gi&#7843;m gi&aacute;</h2>

Tuy nhi&ecirc;n, c&aacute;c nh&agrave; ph&acirc;n t&iacute;ch c&#7843;nh b&aacute;o r&#7857;ng s&#7921; h&#7913;ng kh&#7903;i c&oacute; th&#7875; l&agrave; qu&aacute; s&#7899;m. D&#7919; li&#7879;u tr&ecirc;n chu&#7895;i cho th&#7845;y d&ograve;ng ti&#7873;n v&agrave;o th&#7921;c t&#7871; h&#7841;n ch&#7871;, trong khi c&aacute;c v&#7883; th&#7871; &#273;&ograve;n b&#7849;y &#273;&atilde; t&#259;ng, cho th&#7845;y kh&#7843; n&#259;ng d&#7877; b&#7883; t&#7893;n th&#432;&#417;ng tr&#432;&#7899;c c&aacute;c &#273;&#7907;t b&aacute;n th&aacute;o do thanh l&yacute;.
Nh&agrave; ph&acirc;n t&iacute;ch k&#7929; thu&#7853;t @acethebullly m&ocirc; t&#7843; th&#7883; tr&#432;&#7901;ng l&agrave; &ldquo;b&#7883; gi&#7899;i h&#7841;n trong ph&#7841;m vi&rdquo;, v&#7899;i ETH &#273;ang h&#7907;p nh&#7845;t gi&#7919;a 4,050 USD v&agrave; 4,100 USD.
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
&ldquo;S&#7921; t&#7853;p trung thanh kho&#7843;n g&#7847;n 4,100 USD &#273;&oacute;ng vai tr&ograve; l&agrave; kh&aacute;ng c&#7921; m&#7841;nh,&rdquo; &ocirc;ng quan s&aacute;t, th&ecirc;m r&#7857;ng c&aacute;c l&#7879;nh b&aacute;n l&#7899;n &#273;&atilde; gi&#7899;i h&#7841;n l&#7907;i nhu&#7853;n m&#7863;c d&ugrave; c&oacute; s&#7921; h&#7845;p th&#7909; mua &#273;&aacute;ng k&#7875; quanh 4,050 USD. &ldquo;Ng&#432;&#7901;i mua &#273;ang b&#7843;o v&#7879; khu v&#7921;c n&agrave;y, nh&#432;ng c&aacute;c b&#7913;c t&#432;&#7901;ng b&aacute;n n&#7863;ng tr&ecirc;n 4,100 USD ti&#7871;p t&#7909;c h&#7841;n ch&#7871; &#273;&#7897;ng l&#7921;c t&#259;ng.&rdquo;
</blockquote>

S&#7921; c&acirc;n b&#7857;ng thanh kho&#7843;n n&agrave;y nh&#7845;n m&#7841;nh &#273;i&#7875;m u&#7889;n hi&#7879;n t&#7841;i c&#7911;a Ethereum. M&#7897;t &#273;&#7907;t t&#259;ng gi&aacute; b&#7873;n v&#7919;ng c&oacute; th&#7875; v&#7851;n kh&oacute; n&#7855;m b&#7855;t tr&#7915; khi ETH v&#432;&#7907;t qua 4,150 USD v&#7899;i kh&#7889;i l&#432;&#7907;ng v&#7919;ng ch&#7855;c. H&#417;n n&#7919;a, <a href="https://beincrypto.com/price/bitcoin/" target="_blank" rel="noreferrer noopener">Bitcoin (BTC)</a> v&#7851;n chi ph&#7889;i &#273;&#7897;ng l&#7921;c th&#7883; tr&#432;&#7901;ng t&#7893;ng th&#7875;, khi&#7871;n ETH kh&oacute; ti&#7871;n l&ecirc;n &#273;&#7897;c l&#7853;p.
N&#7871;u Ethereum kh&ocirc;ng gi&#7919; &#273;&#432;&#7907;c h&#7895; tr&#7907; 4,000 USD, c&aacute;c nh&agrave; ph&acirc;n t&iacute;ch th&#7845;y kh&#7843; n&#259;ng &#273;i&#7873;u ch&#7881;nh v&#7873; 3,900 USD ho&#7863;c th&#7845;p h&#417;n. C&aacute;c r&#7911;i ro v&#297; m&ocirc; r&#7897;ng h&#417;n &mdash; bao g&#7891;m thanh kho&#7843;n th&#7855;t ch&#7863;t, &aacute;p l&#7921;c quy &#273;&#7883;nh m&#7899;i ho&#7863;c s&#7921; thay &#273;&#7893;i kh&ocirc;ng thu&#7853;n l&#7907;i trong t&acirc;m l&yacute; nh&agrave; &#273;&#7847;u t&#432; &mdash; c&#361;ng c&oacute; th&#7875; &#7843;nh h&#432;&#7903;ng &#273;&#7871;n gi&aacute;.
<img style="height:400px;width:640px;"decoding="async" alt="" class="wp-image-765391 lazy" loading="lazy" src="https://assets.beincrypto.com/img/jt_M6g7sAQnC075yYk3LwHReZ_g=/smart/48cbb2239c9f4c78b887e58972b95231">Bi&#7875;u &#273;&#7891; gi&aacute; ETH: <a href="https://beincrypto.com/price/ethereum/">BeInCrypto</a>

<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-can-eth-reach-4-500-by-the-end-of-2025">ETH c&oacute; th&#7875; &#273;&#7841;t 4,500 USD v&agrave;o cu&#7889;i n&#259;m 2025 kh&ocirc;ng?</h2>

M&#7897;t &#273;&#7897;ng th&aacute;i quy&#7871;t &#273;&#7883;nh tr&ecirc;n 4,150&ndash;4,220 USD c&oacute; th&#7875; x&aacute;c nh&#7853;n m&#7897;t &#273;&#7897;t ph&aacute; v&agrave; m&#7903; &#273;&#432;&#7901;ng &#273;&#7871;n 4,400&ndash;4,550 USD. N&#7871;u thanh kho&#7843;n th&#7883; tr&#432;&#7901;ng c&#7843;i thi&#7879;n v&agrave; &#273;i&#7873;u ki&#7879;n v&#297; m&ocirc; &#7893;n &#273;&#7883;nh, &#273;&#7897;ng th&aacute;i n&agrave;y s&#7869; ph&ugrave; h&#7907;p v&#7899;i c&aacute;c d&#7921; b&aacute;o t&#259;ng gi&aacute; &#273;&#432;&#7907;c nhi&#7873;u nh&agrave; ph&acirc;n t&iacute;ch &#273;&#432;a ra.
Ng&#432;&#7907;c l&#7841;i, th&#7845;t b&#7841;i trong vi&#7879;c v&#432;&#7907;t qua kh&aacute;ng c&#7921; c&oacute; th&#7875; k&eacute;o d&agrave;i giai &#273;o&#7841;n h&#7907;p nh&#7845;t, tr&igrave; ho&atilde;n b&#7845;t k&#7923; s&#7921; ti&#7871;n tri&#7875;n b&#7873;n v&#7919;ng n&agrave;o. N&#7871;u c&aacute;c b&#7913;c t&#432;&#7901;ng b&aacute;n ti&#7871;p t&#7909;c t&#7891;n t&#7841;i v&agrave; nhu c&#7847;u th&#7921;c t&#7871; y&#7871;u &#273;i, Ethereum c&oacute; th&#7875; v&#7851;n b&#7883; gi&#7899;i h&#7841;n trong ph&#7841;m vi cho &#273;&#7871;n cu&#7889;i n&#259;m.
T&#7893;ng th&#7875;, kh&#7843; n&#259;ng ETH &#273;&#7841;t 4,500 USD v&agrave;o cu&#7889;i n&#259;m s&#7869; ph&#7909; thu&#7897;c nhi&#7873;u v&agrave;o h&agrave;nh &#273;&#7897;ng gi&aacute; ng&#7855;n h&#7841;n, &#273;&#7863;c bi&#7879;t l&agrave; li&#7879;u s&#7921; t&iacute;ch l&#361;y &#273;ang di&#7877;n ra c&oacute; chuy&#7875;n th&agrave;nh m&#7897;t &#273;&#7897;t ph&aacute; k&#7929; thu&#7853;t &#273;&#432;&#7907;c x&aacute;c nh&#7853;n hay kh&ocirc;ng.
C&aacute;c ch&#7881; s&#7889; quan tr&#7885;ng c&#7847;n theo d&otilde;i bao g&#7891;m:
<ul class="bic-gutenberg-list wp-list list-disc ">
<li>Ho&#7841;t &#273;&#7897;ng mua th&#7921;c t&#7871;: &#272;o l&#432;&#7901;ng c&aacute;c giao d&#7883;ch mua th&#7921;c t&#7871; c&#7911;a ETH tr&ecirc;n c&aacute;c s&agrave;n giao d&#7883;ch, cho th&#7845;y nhu c&#7847;u th&#7921;c v&agrave; s&#7921; tham gia c&#7911;a th&#7883; tr&#432;&#7901;ng.</li>

<li>T&#7927; l&#7879; &#273;&ograve;n b&#7849;y: Ch&#7881; ra t&#7927; l&#7879; v&#7889;n vay trong c&aacute;c th&#7883; tr&#432;&#7901;ng ph&aacute;i sinh, l&agrave;m n&#7893;i b&#7853;t r&#7911;i ro thanh l&yacute;.</li>

<li>B&#7843;n &#273;&#7891; nhi&#7879;t thanh kho&#7843;n: H&igrave;nh dung c&aacute;c khu v&#7921;c n&#417;i c&aacute;c l&#7879;nh mua ho&#7863;c b&aacute;n t&#7853;p trung trong s&#7893; l&#7879;nh, th&#432;&#7901;ng &#273;&oacute;ng vai tr&ograve; l&agrave; h&#7895; tr&#7907; ho&#7863;c kh&aacute;ng c&#7921;.</li>

<li>Hi&#7879;u su&#7845;t <a href="https://vn.beincrypto.com/altseason-signal-eth-btc-nears-crucial-0-032-support-zone/" target="_blank" rel="noreferrer noopener">ETH/BTC</a>: Theo d&otilde;i s&#7913;c m&#7841;nh t&#432;&#417;ng &#273;&#7889;i c&#7911;a Ethereum so v&#7899;i Bitcoin, cho th&#7845;y li&#7879;u c&aacute;c &#273;&#7897;ng th&aacute;i c&#7911;a ETH c&oacute; &#273;&#7897;c l&#7853;p hay b&#7883; chi ph&#7889;i b&#7903;i BTC.</li>
</ul>

Nh&#7919;ng ch&#7881; s&#7889; n&agrave;y &#273;&#432;&#7907;c r&uacute;t ra t&#7915; c&aacute;c quan s&aacute;t k&#7929; thu&#7853;t c&#7911;a c&aacute;c nh&agrave; ph&acirc;n t&iacute;ch. V&iacute; d&#7909;, @swarmister &#273;&atilde; l&#432;u &yacute; s&#7921; h&igrave;nh th&agrave;nh c&#7911;a m&#7897;t tam gi&aacute;c &#273;&#7889;i x&#7913;ng v&agrave; t&#7847;m quan tr&#7885;ng c&#7911;a kh&#7889;i l&#432;&#7907;ng trong vi&#7879;c x&aacute;c nh&#7853;n &#273;&#7897;ng l&#7921;c t&#259;ng. @acethebullly &#273;&atilde; nh&#7845;n m&#7841;nh c&aacute;ch thanh kho&#7843;n t&#7853;p trung g&#7847;n 4,100 USD &#273;&oacute;ng vai tr&ograve; l&agrave; kh&aacute;ng c&#7921; m&#7841;nh v&agrave; c&aacute;ch c&aacute;c l&#7879;nh mua quanh 4,050 USD b&#7843;o v&#7879; h&#7895; tr&#7907;.
Theo d&otilde;i c&aacute;c ch&#7881; s&#7889; n&agrave;y c&oacute; th&#7875; l&agrave;m r&otilde; li&#7879;u &#273;&#7907;t &#273;&#7897;t ph&aacute; g&#7847;n &#273;&acirc;y c&oacute; &#273;&#432;&#7907;c h&#7895; tr&#7907; b&#7903;i nhu c&#7847;u th&#7921;c s&#7921; hay d&#7877; b&#7883; t&#7893;n th&#432;&#417;ng tr&#432;&#7899;c m&#7897;t &#273;&#7907;t &#273;i&#7873;u ch&#7881;nh.