#ETH One word, not bad.
Ethereum has drawn a rough trading range, from 2655 to 2820. However, this does not necessarily indicate consolidation, as the bottom has not been confirmed a second time.
--- Anyway, my expectation for this round of increase is 2850-2900, and I will definitely short hedge in this range. (Mainly because I don't want to miss the sell-off)
--- 2850-2900 can be considered the dividing line between bulls and bears above, with importance similar to 2100. Once broken, it can basically open up several hundred dollars of space again.
--- Long positions in two places, 2720/2655, bullish structure, it's fine to take a shot at a rebound.
--- In the second chart, CME futures gap. There is a huge gap from 2910 to 3350 (3240), and the price will be under pressure when it reaches this range.
