#BinanceHerYerde #ETH | Local Overview
So, let's take a look at Ethereum, which has once again broken an important mark at $4k — the main psychological level (coincidentally, the place where huge fixes happen from inflows, if they managed to hold on 😂)
In fact, we are currently witnessing a historic moment, especially for long-term holders of Ethereum (myself included), but I have still opened a short position, both on it and on Ripple, as I am a bit cautious about the overly strong positivity in the market + the ambiguous local situation on Bitcoin.
Locally, a lot indicates a continuation of growth, especially the compression of short liquidity in the area of $4100-4200 🪙, where I will consider increased volume, but it’s still too early to talk about that.
The trade was opened purely intuitively, to minimize profit losses during a market decline within the framework of a local correction, and losses in case of moving higher will be insignificant, as the main volume is in long trades 🤚