$ETH Evening Thoughts:
The second contract has also broken 2500, and you can see that breaking downwards is quite easy. It's not easy to go back up. Similarly, the time it takes to go uphill will definitely be longer than going downhill, and it's also very tiring.
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Let’s talk about the chart: Is the second contract going to play the double bottom game again at the hourly level? If you want the second contract to follow this route, you cannot have a new low; if a new low appears, this setup will not succeed.
Before the second contract can create a higher high, there will be no double bottom setup.
For the second contract, if it breaks through 2506 with volume, you can go long on the right side; if it breaks down 2484 with volume, you can go short on the right side. Pay attention to changes in volume and set your stop-loss properly.
If the second contract can break and stabilize above 2526 at the hourly level, look up to 2550-2574; I can't see anything higher than that right now.
At the 4-hour level, breaking below 2453 looks toward the target positions of 2389-2318; you don’t need to wait for the 3000 second contract anymore; you won’t be able to wait for it.
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Continuing to look at the chart: If the second contract forms a head and shoulders pattern at the daily level, and if the daily closing price is below 2480, the head and shoulders pattern at the daily level will be established. The consequences are unimaginable, so please do not forget that this is a daily level head and shoulders. When the risk comes, avoid it; don’t try to catch falling knives against the wind. The bulls have been celebrating for so long, it’s time for the bears to have their turn. Meeting adjourned.