Afternoon Market Analysis, Will Ethereum Return to 2580 Today?
The market is always crazier than you think. Respecting risk is the key to longevity—contracts are not ATM machines, but life-and-death games of leverage.
Stop-loss is your bulletproof vest; reject the luck of holding onto positions. A 10% loss can still be recovered, but a 100% liquidation means you exit directly. Emotions are the greatest enemy; FOMO and revenge mentality can destroy your rhythm, only calmness can help you navigate through volatility.
This morning, Bitcoin's rebound strength was not strong, with the price peaking around 109200.
Ether had a rise last night near the 2730 resistance and started to fall back. Currently, it is undergoing a correction at the one-hour and two-hour levels. The small resistance above is at 2660. As long as the one-hour close breaks this resistance, the small-level correction will be completed, and the market may continue to push up towards the upper resistance of 2700-2730. However, before the one-hour close stabilizes above 2660, the small-level remains in correction.
The support below is still at 2620. If the four-hour close breaks this position, the downward pressure will increase. The target support below is around 2575 (for reference only; specific strategies are subject to notifications from the small circle).
