#ETH
《Trend Changes — Current Market Analysis》
After intense bidding between bulls and bears, the market has hit the pause button, with a stagnant market that neither rises nor falls, leaving people lost in direction. Additionally, Bitcoin (大饼) and Ethereum (以太) are experiencing high-level fluctuations, requiring extra caution regarding the risk of a pullback.
The Ethereum trend appears to be breaking through the resistance near 1830, albeit with very weak momentum. The key support has returned to around 1770. If Ethereum cannot break through this resistance after a prolonged period, the risk of a pullback increases further. The position at 1830 is particularly crucial, as it is a key factor in determining whether the bullish outlook can continue. If this position is broken, we could quickly see Ethereum above 2000. #ETH走势分析
Bitcoin still maintains its dominant position, and its rebound strength surpasses that of Ethereum, but it is being heavily suppressed by the resistance around 95500. While strong, it has not shown a significant increase. Support exists around 94500 and 93500, and the market remains in a fluctuating state without a clear trend. #BTC走势分析
Today, as Wednesday begins with data releases, it will break the tranquility of the market. Will it be positive news encouraging the market to break through resistance, or negative news triggering a pullback to test support? Let us quietly await the arrival of the market conditions. In the absence of market movement, reducing operations and minimizing the probability of making mistakes is the most important thing right now.