$ETH Long position entry 🔥🔥🔥
Ethereum continues to pull back, the rebound is weak, the weekly line still closes in the red, and the pressure from the second decline remains.
However, looking at the daily line, there are already slight signs of a rebound after the spike, with significant large orders entering at the 4000 level for bottom-fishing. Here, one can consider trying a small position to bet on a rebound long position, with a stop loss set at 3905, and the target tentatively set.
Overall, ETH is still biased towards long in the next quarter, but currently, it is not the best position for heavy long positions; the market still needs to be tempered for a while, and it’s wise to patiently wait for better low-position layout opportunities.
