It seems that $ETH is going to follow the first trend, looking for a position to short.
The upper test did not break through the high of 1825, and the volume has broken below 1780. What else can I say? Call me the machine dealer.
时光预言机i
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$ETH directly hit the lower edge of the channel near 1780, with a minimum of 1750. I see that group friends have already taken profits on short positions around 1780, and the liquidity below 1780 has been completely cleared, becoming market liquidity.
Now looking at ETH, it is maintaining within the 4-hour channel. The resistance for rebound above is at 1825 and 1860. Both ETH contracts and spot CVD are decreasing, indicating that during the market's decline, long positions are being liquidated while short positions are taking profits.
Here are two possible scenarios:
1. ETH rebounds to the central price of the channel at 1825, fails to break through, and starts to drop until it breaks below 1780 to reach a price of 1675.
2. ETH oscillates around the 1780-1800 range, accumulating before making a breakthrough to surpass the price of 1850 and reach 1945.
Keep a close watch on the trend; ETH has shown significant strength in recent days. Importantly, see if the ETF continues to be a net buyer. There’s no need to worry about spot holdings; 1380 is considered the lowest point of the first half of the year. Next, we will see if the market can break through to the 2100 position. I do short-term trading, so I need to frequently check the intraday market.
Now looking at ETH, it is maintaining within the 4-hour channel. The resistance for rebound above is at 1825 and 1860. Both ETH contracts and spot CVD are decreasing, indicating that during the market's decline, long positions are being liquidated while short positions are taking profits.
Here are two possible scenarios:
1. ETH rebounds to the central price of the channel at 1825, fails to break through, and starts to drop until it breaks below 1780 to reach a price of 1675.
2. ETH oscillates around the 1780-1800 range, accumulating before making a breakthrough to surpass the price of 1850 and reach 1945.
Keep a close watch on the trend; ETH has shown significant strength in recent days. Importantly, see if the ETF continues to be a net buyer. There’s no need to worry about spot holdings; 1380 is considered the lowest point of the first half of the year. Next, we will see if the market can break through to the 2100 position. I do short-term trading, so I need to frequently check the intraday market.
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ETH
1,801.64
+0.13%
