$ETH Evening Thoughts:
Why can’t the second currency stabilize at the 3000 position? Because the Ethereum Foundation sold another 1210 Ethereum, with an average selling price of $2889.5. I don't know what the Ethereum Foundation is doing, and I haven't seen any good news from the Ethereum Foundation; the most common news is about selling Ethereum. This is a perfectly good golden hoop rod, yet it has to be used as a stirring stick.
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Speaking of the chart: The second currency successfully broke through the box drawn in the chart on the daily level, hopefully this time it's not a false breakout. As long as the second currency does not fall back into this box on the daily level, we can patiently wait for it to replicate the previous market segment on the left, targeting 4100.
Draw this box on your own chart; if it falls back into the box, you can do high selling and low buying around this box, as the daily level box can also fill you up.
The second currency should break through 3016 with volume to chase long, and if it breaks 2993 with volume, chase short. Pay attention to changes in trading volume and set stop losses properly.
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On the hourly level, the second currency breaks and stabilizes at 3027 looking upwards at 3072-3107-3147. As long as it stabilizes at 3027, reaching 3100 will be quick.
If it breaks below 2977 on the 4-hour level and cannot recover in time, look down to 2945-2912; if it breaks below 2945, the 4-hour level pullback of the second currency begins.
Continuing to look at the chart: The second currency is currently forming the bearish flag shown in the chart on the hourly level. If it can violently break through the upper boundary of the flag, this bearish flag will be invalidated. If it cannot break through the upper boundary of the flag and then breaks below the lower boundary of the flag, the second currency will start to pull back.
As long as the pullback does not break below the upward pointed white arrow on the left, it will consolidate and continue to rise. If this upward candlestick is broken, we need to see where it can pull back to and take it step by step. Meeting adjourned.