#ETH
Is Ethereum at the end of this round of price increase?
After a big rise, a correction is natural. The key now is to see when it can stabilize and stop falling, and where the bottom support is.
If you don't know how to read the charts, you might not dare to chase when it rises, and you also wouldn't dare to buy when it falls, which basically means you can't keep up with the rhythm.
Looking at the daily chart from the last couple of days, it is indeed falling. Last week saw a sharp rise, pushing the price to high levels, and now it is experiencing a normal pullback.
Although the last two days have shown bullish candles, the trading volume has significantly shrunk, indicating that buying pressure has temporarily cooled off.
Currently, there are no obvious signs of a stop in the decline, but $2300 is a strong support level, so we need to keep an eye on this position to see if it can stabilize.
There’s no need to panic about the overall trend; the bulls currently have the advantage and hold enough positions. Don’t fantasize about it dropping back to $2000 or even $1300 for you to buy the dip.
Once this wave of adjustment is over, it is highly likely that it will continue to rise.
