$ETH Evening Thoughts:
In the past few days, Bitcoin has either been breaking new highs or is on the way to breaking new highs. In contrast, you can see that Ethereum is barely holding at 3000, and it hasn't even touched 3100. The gap above Ethereum at 3050 has been filled, but whether the gap at 3250 can still be filled is uncertain. If Ethereum wants to fill the gap at 3250, a prerequisite is that Bitcoin can make a slight pullback to allow the overflow of funds to flow back into Ethereum; otherwise, if all the funds are concentrated on Bitcoin with none flowing into Ethereum, it will be difficult for Ethereum to fill the gap at 3250.
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Speaking with charts: The bullish flag pattern on the hourly level for Ethereum has been broken. As long as it does not break below the upper boundary of the flag pattern, your long positions in Ethereum are quite safe. Once it breaks below the upper boundary of the bullish flag pattern and returns to oscillate inside the flag pattern, you should either reduce your positions or take profits. If it falls back inside the flag pattern, it indicates that Ethereum is going to adjust, so do not let your hard-earned profits evaporate.
Ethereum should break through and stabilize above 3070, looking up towards 3128-3160. If it cannot go higher, you should not look up anymore.
On the 4-hour level, if it breaks below 3020, the target below is 2960-2927. If it does not break below 2927, Ethereum's 4-hour bullish momentum remains strong.
Continuing with the charts: On the daily level, this expanding megaphone pattern for Ethereum needs to be watched for the closing price tomorrow morning at 8 AM. If the closing price can remain above the megaphone pattern, Ethereum will continue to surge towards 3128. If it cannot close above it and breaks below 2911, Ethereum's adjustment will begin.
Students who are heavily invested in altcoins must be feeling quite distressed right now! Bitcoin has risen so high that altcoins not only failed to reach new highs but haven't even reclaimed previous high points. Don’t feel too upset; just pretend it doesn’t exist.
The money that is meant for you will eventually come back to you, and the money that isn’t yours cannot be forced. Accept what comes and maintain a good mindset; the real highlight will be the opening of the U.S. stock market tonight. Meeting adjourned.