$NEIROETH Institutional-led funds are extremely strong, caution needed at high levels
Recent price trend:
Prices have been fluctuating sharply recently and are consolidating at high levels.
Contract fund data analysis:
Strong bullish sentiment for the medium to long term, led by institutions, with data showing that chips are highly concentrated in institutional hands (retail investors are in a state of outflow in the corresponding long cycle). There is short-term selling pressure.
Technical analysis (daily chart):
Support: 0.0424 USDT (key level). Resistance: 0.077 USDT (recent high point).
Comprehensive analysis and risk consideration:
Institutional funds being strongly bullish is the core, indicating medium to long-term potential. However, the current price is at a relatively high level, so caution is necessary!
Key points: Setting stop losses, controlling positions, and managing risks are crucial at this time. It is not recommended to blindly chase high prices at elevated levels.
