Boys and girls, have you noticed that everyone seems to prefer looking at indicators while not paying much attention to volume and price analysis?
Why is that? Because the threshold for indicators is low, and that kind of 'carving a boat to seek a sword' method is something everyone can easily learn.
However, I want to tell you that when I trade ETH, I don't just look at indicators; I also consider volume and price analysis before deciding to go long on ETH.
Today, I will share with you an internal reading of ETH.
As for the ETHBTC exchange rate, from its situation, it has already returned to a very important support level on the weekly chart.
Looking closely at the local area, it has also shown an oversold situation in a downtrend channel, which suggests that this is very likely the bottom.
The daily chart for ETH looks a bit chaotic, so let's switch to the 3-day chart. Here on the right side, it is clear that demand exceeds supply, and today the price has risen, forming a higher low.
Now, looking back at the daily level, I bought spot near 2470 and also added some coin-based positions.
