$eth This wave of ups and downs has washed out liquidity. Yesterday, I saw many users going long on eth as the market rose, and there were also spot purchases supporting it. This morning, when I opened my eyes, I thought it would maintain the price at 4500, and today, with the help of the US stock market, it would continue to rise and test the pressure at 4632.

Imagination is beautiful, but reality is cruel. After eth broke below the price of 4500, selling pressure came one after another, directly breaking the support of 4370 from the past Saturday and Sunday. The current price is 4309, with the range of 4280-4172 being the consolidation zone on the day CPI was announced. I hope the market can rebound within this range; otherwise, if it breaks down, it will drop below the 4000 level. For those who didn't buy at the lows on Saturday and Sunday to catch the rebound, this wave of decline is painful...

Indeed, the process of making trades during this period has been very tortuous. $ETH