Ethereum Meme Coin Frenzy Returns, Asteroid Surges 100,000x in a Single Day

BroadChain has learned that at 19:30 on April 20, according to CryptoNews, while Ethereum's price cautiously consolidates below $2,300, signs of frenzy have emerged within its ecosystem's meme coin sector. A trader turned a $2,500 principal into nearly $500,000 within hours through the Ethereum chain-based ASTEROID token related to the Musk concept, achieving a return rate of up to 100,000%. Another Ethereum-native meme coin, Wojak, subsequently surged by 300%, indicating that speculative funds are rapidly rotating within the ecosystem. Analysis points out that this pattern resembles the market dynamics of 2021. Currently, Ethereum's price is trapped in a symmetrical triangle pattern, with resistance ranging from $2,200 to $2,400. The 50-day moving average ($2,210) provides support, while the 200-day moving average ($2,645) constitutes the macro resistance above. Short-term prediction models show cautious optimism, with CoinCheckup projecting a target price of $2,750 within 30 days, potentially reaching $2,600 before April 24. The Fear and Greed Index has rebounded to 27, typically indicating a higher probability of recovery than a crash. If ETH can break above $2,400, it may initiate a rally toward $3,000. Meanwhile, the Layer 3 meme coin infrastructure project LiquidChain ($LIQUID) is conducting a presale at a unit price of $0.01451, having raised nearly $700,000, and offers staking rewards with an annualized return of up to 1,500% for presale participants.