Many friends have asked Brother Hao, what should we do with Ethereum now?
Is it still worth chasing the rise? Should we short at this point?
Brother Hao will answer everyone's questions here.
The surge last night was due to Powell releasing positive news, driving a general rise. It is normal for Ethereum to sprint to a historic high of 4888 and then quickly pull back.
The first point is that many bottom chips placed orders at historic highs for profit liquidation.
The second point is that a large number of sell orders were placed to short Ethereum, resulting in strong selling pressure.
The third point is that the market has reached the weekend, and without buying pressure from US stocks, liquidity is relatively weak.
However, Brother Hao expects the market to rise again on Sunday, and Ethereum will at least surge above 5000 this time.
Brother Hao will select several strong coins in the Ethereum ecosystem that have not yet risen to enter the market for ambush. For those who missed the bottom buying last night, the opportunity is here again. If you're interested, feel free to call me!!
