Current Thoughts on Ethereum

Figure 1: ETH. From the current pattern, I believe that Ethereum's major trend has just opened up, and there is no significant top structure or signal. After breaking through the trend line and reaching the historical resistance level, a pullback for adjustment is quite normal. As shown in the figure, if it can maintain adjustments above the horizontal line and support line, then we should continue to maintain a bullish outlook.

Figure 2: Hourly chart. The 5 waves are completed, waiting for a clear signal to build a position. I don't particularly like to operate in Ethereum's volatile market; it’s too tricky.

For entertainment sharing only, not to be taken as any advice #ETH