September 23: A Xin's ETH Market Analysis
Today, the overall market has basically digested related news, with the current ETH price fluctuating narrowly around 4,203.
This price trend fully reflects the fierce tug-of-war between bulls and bears in the market. The previous upward trend may be attributed to the market's positive expectations for the development prospects of the Ethereum ecosystem.
The support level to watch below is 4,112. If strong support can be obtained near this support level, accompanied by increased trading volume leading to a rebound, then the short-term price is likely to end the correction and return to the upward channel; conversely, if the support level is effectively broken, the price may continue to decline.
Overall, the current price is oscillating in the range of 4100 - 4220, seeking a breakthrough direction. At this stage, the main strategy within this range is to go short, with long strategies as a supplement, waiting for the right opportunity.
I am A Xin, only doing real trading, the team still has positions available to join