#ETH巨鲸增持 8.7 Market Overview: ETH Long Position Profits 69 Points

Yesterday, ETH hovered around 3631, briefly broke below, and then entered long positions as it recovered, with targets already reached for a profit of 69 points; after ETH broke below 3631, it found support at the descending trend line of 3571 and quickly rebounded above, textbook-style false breakdown opportunities must be seized.

Will Ethereum form a W-shaped double bottom near 3558? It depends on whether Ethereum continues to decline and breaks below the 3631 support or directly falls through 3631 to enter short positions, with targets at 3576 and near the trend line; at the same time, set up long positions at 3560, defend at 3535, with targets at 3655 and around 3700.

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