The opportunity to make money starts with analyzing the market trends
During the two days of the weekend, I mentioned to everyone that there would be a slight rebound. So, has it stabilized? This is what everyone is concerned about!
Over the weekend, Ethereum's hourly chart formed a V-shape, and the market has awakened to a bottom-fishing attitude. Personally, I think we should wait for the U.S. stock market to open and observe the market for a day or two before judging the direction; it’s unlikely that it will immediately rebound to previous highs.
As a trader, the most uncomfortable phase is the sideways market. The range can be considered as 3650-3450 for the sideways phase. You can go long at 3500, aiming for 3625-3635.
In terms of altcoins, I am currently paying attention to ENA, SUI, and VIRTUAL. Currently, only VIRTUAL has not yet started. ENA shows higher strength and can be entered again after a pullback.
