9-6 ETH

The weekly chart is forming a bearish pattern. Is the ETH crash starting?

5000 5000, too many people are looking at 5000, so I personally think: the whale's mindset is either not reaching 5000 or must strongly break through 5000. At present, it seems the whale's choice is not to reach 5000. It peaked at 4958 before starting to fall back.

Half a month has passed since the last big bearish candle, indicating that this week could be bearish, bullish, or volatile.

Currently, a critical watershed is around: 4585-4620. If it cannot reach here or go up, there will be another drop.

Looking at the market in recent days: 4250-4490 has been volatile for too long. It must either break upward or downward.

Every time it approaches 4489, it quickly falls back, and BTC also had a peak and drop yesterday. This indicates one problem: weak, still weak.

Since it is weak, do we have a chance to enter?

From today’s perspective, the ultra-short watershed is in the range of 4373-4415. Thus, approaching this position, we can try a small short position.

Below, the critical position is around 4230-4196 (in a relatively weak situation, it can be either long or not long), or in other words, watching the market decides whether to go long or run fast.

Overall, if we don't stand above 4373-4415, we should treat it as relatively weak.

Personal opinion, for reference only.

Currently, my personal positions are:

A short at 4948.

A short at 4347 (this depends on the situation to add or withdraw) #币安HODLer空投OPEN $ETH