ETH's support in the range of 4280-4170 is still effective. Currently, the market seems to be only rebounding near this support level. Institutions have not significantly increased their holdings of ETH as they did previously, and retail investors are hesitant to enter blindly.
The main driving force of the current market still comes from the futures market. The 4370-4310 area for ETH is a key position; if this area is broken, the subsequent trend will not be optimistic. Once this support fails, the probability of a drop to 4030 will significantly increase.
In terms of cost-effectiveness, taking a short position with a small defense in this price range is very advantageous, targeting 4200, 4160, and 4030.
The main driving force of the current market still comes from the futures market. The 4370-4310 area for ETH is a key position; if this area is broken, the subsequent trend will not be optimistic. Once this support fails, the probability of a drop to 4030 will significantly increase.
In terms of cost-effectiveness, taking a short position with a small defense in this price range is very advantageous, targeting 4200, 4160, and 4030.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
113,488.67
-2.24%
ETH
4,153.41
-4.15%
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