This morning, I closed all my personal ETH positions, pocketing 21,000u 🔥 This transaction fee is quite interesting 😂
Last night, when the US stock market opened, it surged and then fell back, bringing Ethereum back to its peak. However, you will find that only Ethereum is moving independently, while Bitcoin and the Ethereum ecosystem have not experienced a broad rally. This is due to many large holders and institutions simultaneously positioning in Ethereum, making it the brightest star right now.
So, how should we operate with Ethereum in the short term? From the hourly chart, 4160 is a support level. We can continue to go long below 4220, and going short is not advisable, with the target set at around 4330-4350.
The current market trend is like a roller coaster. Don't think about going back and forth; taking a one-sided position is the most stable!
