Ethereum Perspective: Reference 2H
Recently, while Ethereum's bottom has been rising, the highs have not, consistently facing resistance at the 2545 level, and no short-term upward structure has formed.
Therefore, regardless of whether you are bullish or bearish, caution is needed. For those going long, be careful of false breakout actions and avoid blindly chasing the price upwards.
For those going short, the same applies; do not rush to sell just because the support below has been breached, it might just be a liquidity grab.
So, if a false breakout occurs at the 2545 level, it can be an opportunity to go short, and the same applies for going long below.
Recently, while Ethereum's bottom has been rising, the highs have not, consistently facing resistance at the 2545 level, and no short-term upward structure has formed.
Therefore, regardless of whether you are bullish or bearish, caution is needed. For those going long, be careful of false breakout actions and avoid blindly chasing the price upwards.
For those going short, the same applies; do not rush to sell just because the support below has been breached, it might just be a liquidity grab.
So, if a false breakout occurs at the 2545 level, it can be an opportunity to go short, and the same applies for going long below.
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ETH
2,185.41
-9.20%