Will Ethereum ($ETH ) pull back below 3300???
Ethereum is showing clear signs of fatigue as it rises. Although institutional funds continue to flow in, on-chain funds are clearly flowing out more than they are coming in. Some beginners have observed that some institutions are slowly unloading their positions, and market funds are gradually reversing direction, opting to invest in lower-cost altcoins.
Market sentiment has labeled everyone with a crazy bull market tag. In the cryptocurrency circle, the crazier it gets, the faster the danger arrives! Often, only those who sense that the market is about to change can make money!
Why does the beginner say that Ethereum is likely to pull back this month and may touch the top once more?
The answer: Yes, but it’s highly likely that it will only touch the 4050-4150 range once. This is also a bit awkward, as too many people were trapped at this level during the last bull market. Once these individuals break even, they will sell off, creating strong resistance!
1. One important point to note is that the U.S. tariffs will officially take effect on August 1, and there will definitely be a wave of panic selling at the end of the month!
2. The monthly chart is about to change, and there is a significant gap below that has not been filled! A wave of market correction is inevitable!
After finishing Thursday this week, the beginner will not consider continuing to enter the market for longs! Instead, they will choose to short while taking fans along to the top! @区块初哥
The market is unpredictable now, so we must seize every major opportunity and find the right entry points! Let’s maximize our profits! Fans who want to catch up with the fast-moving market, come directly!!!
#NFT市场回暖 #以太坊突破3700 #稳定币监管风暴
Pay attention during the day: $DIA $CFX ANIME OM PENGU (Look for positions to enter long during these pullbacks!)