#币安投票上币 #ETH2000

3.20 PM Market Overview: $ETH ETH spot ETF continues to experience net outflows, currently observing the market

Yesterday, ETH made a significant upward movement during dinner time, and XRP surged by 11% after the Federal Reserve dropped its lawsuit against it. SOL also rose strongly by 5%. Additionally, the Federal Reserve's announcement of two rate cuts this year has ignited enthusiasm in the crypto community, leading to a rebound

Recently, Binance has faced market controversy due to listing fees. Although the CEO stated that Binance does not charge listing fees, it still caused considerable volatility. Today, Binance users can choose to list their tokens themselves, making the process more transparent and regulated; thumbs up for Binance

ETH has been in a sideways phase, with dips being quickly rebounded. This sideways market is not recommended for trading; it’s better to observe and wait for a direction before making choices. On a larger scale, Ethereum is oscillating within the range of 1850-2068, with upward pressure at 2068.58. It has tested this level three times but fell back each time. The support level at 0.618 is at 1947, and 2024 serves as a horizontal support and resistance line. If it breaks below 2000 and then rebounds, consider going long towards 2068 and adding to positions at 1945; conversely, if it breaks above 2068 and falls back, consider going short towards 2000 and adding to positions at 2100. Although a death cross has appeared in the KDJ, the market has not sharply declined and remains sideways

The ETH spot ETF continues to experience a net outflow of 6060 contracts for 10 consecutive working days, with BlackRock seeing an outflow of 6680 contracts and Fidelity 1040 contracts, while Grayscale has a net inflow of 5280 contracts. It seems that ETH's spring is arriving late, but it will surely come

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