The market is really thrilling, Trump is applying extreme pressure + Iran is being cowardly, the news changes constantly, leading to a double whammy for both bulls and bears!
The big trend for ETH still has a high probability of a three-wave decline on the daily chart, spiking to a high point at night and then crashing again in the morning due to Trump's panic remarks, followed by news of negotiations starting a rebound; Trump really has a firm grip on the situation.
We'll see if the big bearish candle at 2655 can be engulfed, and whether the daily close can remain above 2580, indicating bullish strength; if it can't be engulfed, it’s likely that we will start a three-wave decline, similar to the daily and 4-hour charts.
Additionally, we should check if the ETH/BTC exchange rate can return above the daily midline of 0.0244, as the daily SKDJ is also approaching a golden cross, let's see if it can stabilize and restart.
Currently, for those who didn't bottom-fish this morning, just observe for now, watch the pressure at 2655 and 2680, otherwise the downward wave trend won't change;
