$ETH
Is Ether 3500 a golden pit or a mass grave? The truth is that 90% of people haven't thought of it.
Recently, Ether has dropped from 3800 to 3500, and many people are panicking, feeling that it can't rise anymore. Historically, every time before a bull market, the market will play dead for one to three months, and near 3500, institutions are frantically accumulating. Last week, ETF inflows were $280 million.
When some people think there's no hope, that's often when a big market move occurs. Ether has a long-term upward outlook; buying one Ether now could mean having two by the end of the year.
Although these two waves of being cut at 3500 may not be the bottom, this is a trend-driven decline, and we are still in the main downward wave three, the most damaging phase. It’s not whether prices have dropped significantly or found support; the real signal for a bottom has not yet emerged.
Whether through technical analysis or fundamental news, ultimately, we must give way to the trend. What to do when the major upward wave hasn't started? Don't rush; let it have a small-level pullback, try with a light position, and be strict with stop-losses.
You can consider making a short position again near 3550; there is no support below, and the short-term resistance level above is 3615. I do not recommend going long at the current level.
For those who love precise calculations, follow $ETH
#加密市场回调
Is Ether 3500 a golden pit or a mass grave? The truth is that 90% of people haven't thought of it.
Recently, Ether has dropped from 3800 to 3500, and many people are panicking, feeling that it can't rise anymore. Historically, every time before a bull market, the market will play dead for one to three months, and near 3500, institutions are frantically accumulating. Last week, ETF inflows were $280 million.
When some people think there's no hope, that's often when a big market move occurs. Ether has a long-term upward outlook; buying one Ether now could mean having two by the end of the year.
Although these two waves of being cut at 3500 may not be the bottom, this is a trend-driven decline, and we are still in the main downward wave three, the most damaging phase. It’s not whether prices have dropped significantly or found support; the real signal for a bottom has not yet emerged.
Whether through technical analysis or fundamental news, ultimately, we must give way to the trend. What to do when the major upward wave hasn't started? Don't rush; let it have a small-level pullback, try with a light position, and be strict with stop-losses.
You can consider making a short position again near 3550; there is no support below, and the short-term resistance level above is 3615. I do not recommend going long at the current level.
For those who love precise calculations, follow $ETH
#加密市场回调
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
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