$ETH Evening Thoughts:
The secondary pancake has broken through 2600; it currently looks like it has stabilized above 2600. Whether there will be any surprises tonight is uncertain, we will have to see as we go! Just focus on the present and don't worry about what will happen tomorrow, because no one knows what will happen tomorrow.
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Speaking through the chart: the secondary pancake is forming a rounded bottom on the hourly level! Only if the secondary pancake forms a rounded bottom can it heal the wounded hearts of everyone. As long as the primary pancake remains stable and does not fall, the secondary pancake will take off.
The secondary pancake can break through 2633 with volume for a long position, and if it breaks below 2616 with volume, consider a short position. Pay attention to changes in volume and set proper stop losses.
A breakout above 2658 on the hourly level will continue to rise towards target positions of 2700-2731-2772; 2658 is a very important level for the secondary pancake as it determines whether it can operate above 2700.
On the 4-hour level, if it breaks below 2600, look down towards 2557-2505-2472. As long as 2557 does not break, the secondary pancake will still continue to rise after a pullback.
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Continuing to analyze the chart: if the bearish candle pointed by the yellow arrow on the secondary pancake's 4-hour level can be engulfed, the upward space for the secondary pancake will be opened, and everyone can look forward to around 2800 again. Meeting adjourned.
