$ETH Market Analysis

To be honest, there is heavy selling pressure at the 1800 position right now. From the trading situation, it seems that institutions and whales are also deeply trapped and can only sell their tokens frantically. However, at the same time, there is also capital continuously propping up and buying, leading to fierce competition between both sides. The future trend is full of uncertainty; it could either directly rally strongly, making the whales and institutions regret, or continue to oscillate and accumulate, building strength for future increases. Currently, these two possibilities each occupy half of the potential outcomes. #ETH

What is puzzling is that right now, the entire plaza's small accounts, numerous KOLs, and many media outlets are singing bearish tunes. In the past, whenever there was a drop, good news was always released, but now bad news is coming out while prices are rising. Based on this, I believe there is a high probability that prices will rise. However, the rising process will not be smooth; there is a high likelihood of frequent major sell-offs attempting to shake people out. If there is a rapid price drop followed by a quick recovery, you must hold onto your spot and definitely do not exit easily. Because in an upward trend, this kind of quick washing is a common tactic.

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