Evening Ethereum Analysis on August 7:
🐶 Is the institution really going long or playing games? Many brothers have messaged me saying they are confused about the direction, not long and not short. With Ethereum reaching such a high position, isn't it the style to sell at high points? Today, Ethereum has just dropped over 200 points. At this moment, there are both long and short positions. Some people are stuck in the rain, while others are enjoying it. So, which one are you? Light on top and heavy on the bottom, make sure to reserve for averaging down. When the brothers who are trading shout out that they need to average down, I will randomly @ you. Let's not get into other topics and start the attack.
Ethereum market price around 3838-3868 for short positions, averaging down level: to be determined in the comments.
First tier looks at 3778-3808.
Second tier looks at 3718-3748. Pattern level: 3658.
