Will ETH return to 2550 next?
This week, we have observed a large number of buy orders near the bottom of 2400 multiple times for ETH
However, it has been a volume-less rise
The dimension surged to 2550 a couple of days ago, then after a brief spike, it started a waterfall down to 2400
This indicates that many people still do not have a positive outlook on ETH
Due to the continuous volume-less rise, it easily triggers market panic, leading to more people shorting ETH
Last time, Chen also observed that smart wallets have 100% win rates, with professional traders heavily invested in leveraged long positions for ETH
It seems like a swing, but in reality, the price hasn’t sustained a rise
Instead, it has been repeatedly washed in the 2400 to 2500 range
The insider from the day before went against the trend by shorting ETH and BTC
This makes Chen even more worried about whether there will be a waterfall for ETH later
However, looking at the current situation, there are still many support orders below
So in the short term, we are setting up at lower levels
Today is the weekend, we are making short-term long positions in ETH again
Let’s see if we can profit
To make the fans’ accounts turn green a bit
