The big pancake Ethereum is still oscillating at a high position.
The weekly line has closed. It is standing above the MA20.
For several days at the daily level, it has been above the MA120!
The bulls are still strong.
Now testing the support below.
From 92800 to 91500, it is the support range of the moving averages. Because the high-level daily to weekly lines, after being broken, the moving averages all turned upwards. Forming support.
89000 is the central support of the weekly line, and it is currently relatively far away. It belongs to the bullish bottom position.
May Day is coming soon, and there will be a conference. The curse of falling during meetings still poses some risk for the bulls.
It just depends on whether these positions can provide effective support.
If it can hold, it will definitely test the higher positions of the weekly central line.
From the 4-hour view, the decline here is retesting and starting to turn upwards. If it can't break through, the bulls will be in danger. The support below may not hold. It could lead to the trend shown in the figure below.
Overall, both bulls and bears have opportunities now. #特朗普暂停新关税 $BTC
