The daily K-line for Ethereum ($ETH ) has completed a new round of fluctuations within the rising box.
Since May, the high point has not been broken, mainly due to frequent exchanges between buyers and sellers at this level, resulting in three consecutive failed attempts to break through. Now, it has arrived at the 2720 position for the fourth time.
At the current position, both buyers and sellers are in a tough spot. A prudent suggestion is to wait for a pullback to stabilize above 2630 before considering entering long positions, with targets looking at 2680, 2720, and 2770.
There is also the possibility of directly liquidating the upper shorts and making a strong upward push. At this position, one can either choose to wait and see or wait for a pullback to stabilize before planning long positions.
For those who are directionless or urgently need to recover losses, feel free to call me for free access to first-hand strategic points.
