What's the outlook for Ethereum next?
First, this morning I reminded all fans across the network
Ethereum's first support is around 2350. If you're aggressive you can participate in a long position.
Then Ethereum dipped to around 2348 before starting to rebound.
Now the price is directly hitting 2400 to 2420.
Next, let's look at the weekly resistance level, which is between 2540-2550.
So now it's 4:30 PM, and the 4-hour chart has hit the resistance level at the current price of 2420.
If the market continues to retrace, our best entry point is still the one I provided to everyone this morning.
If the market hits around 2540-2550,
we can unhesitatingly participate in a short position.
However, today we made a short position on AAVX,
and it is currently doubling.
This week Ethereum is showing weak fluctuations,
but I mentioned last week, it is hard to see a drastic drop.
So if Ethereum continues to retrace, we will look for lower points to participate.
If you're unsure where the price will stop falling, or when to start positioning for long positions, just pay attention to Mr. Chen's plaza, where he will also share precise buying and selling points for ETH and BTC from time to time.
Moreover, Mr. Chen's accuracy in identifying levels is generally within about 5 points.
You can review all publicly available articles from the past year.
