ETH has seen the largest drop today. It can be said to have been directly hit in the critical spot. The faith in E-Guardians has collapsed again. The total liquidation data across the network is over 600 million, with ETH accounting for 500 million.
The large-scale wide upward channel has been broken. Compared to the previous selling situation, although there was some bullish force involved during this period, ultimately the arm cannot twist the thigh. Compared to the market, it shows almost a downtrend without any upward response.
The strength and weakness of the exchange rate are almost apparent. The short-term high position triangle has broken down, revealing weakness. At this time, the best choice is to exit and observe.
In terms of price performance, the rebound continues to be weak, exacerbated by news-driven selling. A sustained weak rebound will only result in a spiral decline. Small-scale rebounds are still very weak. The subsequent rebound should focus on whether it can effectively stay above 2360; if it fails to test again, there is still a bit of room for further decline.
Several positions that need attention
Support position
First position 2240
Second position 2170
Third position 2125
Pressure position
First position 2360
Second position 2450-2480
Third position 2520
Pay attention and like, wealth of thousands
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