#中美贸易关系 4.21 Monday Market Overview: Is ETH rising with the trend or is it really being pumped?

The ETH mainnet upgrade has been confirmed for 5.7, which is about half a month away from now. The big players should take advantage of this momentum to pump the price to reassure holders; if it continues to be sluggish, holders will really need to change positions. Currently, ETH has temporarily been replaced by SOL, and if there’s no pump soon, it will really be over.

ETH has been trading around 1564 for several days, repeatedly bouncing back every time it tests this level; you should consider this as the first choice for entering long positions. This morning, as Bitcoin surged strongly, ETH also followed suit and shot up to 1658; if you entered at 1564, you would have gained a solid 94 points. If the price breaks above 1614 with a strong bullish candle, you could also gain around 40 points on that long position. Of course, this is all hindsight, but I emphasize these key levels every day, and you should enter based on where the price reaches on either side.

Currently, the market is facing a major resistance at 1684. If it breaks above 1684, you can enter long positions, targeting 1759 and defending at 1654; the range of 1684-1759 can be aggressively traded because last time it dropped with a vertical bearish candle, it will likely rise with a vertical bullish candle as well. For short positions, you might consider ambushing between 1759-1799. Conversely, if there’s another chance to test 1564-1556, you can still consider entering long, defending at 1537 with targets at 1614 and 1654. On the right side, wait for multiple tests of 1614; if it doesn’t break down, you can enter long positions with the trend.

In summary: Execute strategies where the market goes first.

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