If the 90-point drop continues, prepare to strike again if 219 holds, get ready with ammunition
分析师舒琴
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Ethereum failed to break through? What should we do next? Here is the answer! Yesterday, the situation of ETH and the cryptocurrency circle was very good, but misfortunes never come alone. Trump issued a 25% tariff on China, Canada, and Mexico, causing the US stock market and the cryptocurrency circle to plummet. So unfortunately, ETH just started to gain momentum and suffered a sudden small negative. Can ETH still rise in the future?
From the K-line, ETH is currently back below the suppression line, so to maintain the upward trend, it needs to stand up again. This will be a signal of full longs, waiting for its breakthrough.
In addition, Shuqin wants to tell you a fact, that is, the rule that the cryptocurrency bull market must rise in February. You can see that in 2021 and 2024, the cryptocurrency circle follows such a rule: bullish in October, rising to January. Plunge and pullback in January, rise again in February.
This time, like last year and March 2023, there will be a major upgrade of Ethereum. Each time ETH is upgraded, it will rise by about 100%. Therefore, the rise from February to March can be said to be the right time, right place, and right people. Some sudden news in the market will not affect the general trend. Therefore, everyone should wait patiently, learn more about the market framework and the experience of old leeks, and pay attention to those who have not paid attention yet. Let us encourage each other.
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