DailyMarketUpdate 2025/10/16
📣 Today's Market Review:
📌$ETH Today, there were 2 consecutive tests of the 3940 support level, along with two H4 doji candlesticks, indicating a slowdown in the decline.
Structurally, a downward three structure has formed, with a slight upward channel on the F15-minute chart. It is expected to reach the position of the red trend line resistance, which is also the E point of the downward three structure. Do not rush to short here; patience is required to observe whether it will break through and then stabilize. If it is confirmed that it cannot break through and continues to decline, a short position can be attempted, with a target around 3800-3840.
Feel free to leave a comment on the varieties you want to see, let's find opportunities together!
