$ETH ETH Is there still a chance?

Although I think there is still a chance for $ETH , the opportunity may not be now, but rather in two possible scenarios during the phase of monetary easing:

1. In the mid-phase of monetary easing, interest rates decrease, inflation declines, and investors' risk appetite increases, provided that there is no economic recession.

2. In the late phase or conclusion of monetary easing, interest rates are almost at the bottom, inflation has returned to within 2% or even lower, and investors' risk appetite increases, preferably after an economic recession has occurred.

Ethereum is currently fluctuating around the price of 1800, the short position is quite obvious, and there is no urgency to enter for the time being. Ethereum lacks upward momentum, but the downward momentum is very strong, so caution is needed. Currently, the candlestick pattern shows a trend of fluctuating downward, with prices retreating from high levels.

4.29 Ethereum trading strategy:

1. Short from 1820-1790, stop loss above 1860, target 1750-1720, continue to look for a downward move towards around 1680.

2. Long from 1720-1750, stop loss below 1680, target 1800-1830.

Follow Nini, click on the homepage to learn more information. #eth #加密市场反弹