Family, let's talk about the Ethereum market!
Yesterday, the aunt was really strong, hitting around 2490 under the influence of news.
Currently, Ethereum is in a high-level oscillation on the 4-hour chart, without any significant upward or downward movements during the day, but maintaining a sideways consolidation trend. Although the short-term upward momentum has weakened, the space for a pullback is also limited, overall oscillating back and forth in a small range. From the 4-hour chart, it is now at the end of the third wave, and before any retracement, the upward space is relatively restricted, which may come under pressure at any time. Even if there is a false break, it is likely to face pressure. Currently, the short-term pace has slowed down, and the bullish continuation is insufficient. The short-term strategy today is similar to Bitcoin, continuing to focus on low long positions, and adjusting the strategy only after breaking the middle track.
Down below, you can set up long positions in the range of 2300 - 2270,
still looking at 2350-2379-2400.
#ETH🔥🔥🔥🔥🔥🔥
Yesterday, the aunt was really strong, hitting around 2490 under the influence of news.
Currently, Ethereum is in a high-level oscillation on the 4-hour chart, without any significant upward or downward movements during the day, but maintaining a sideways consolidation trend. Although the short-term upward momentum has weakened, the space for a pullback is also limited, overall oscillating back and forth in a small range. From the 4-hour chart, it is now at the end of the third wave, and before any retracement, the upward space is relatively restricted, which may come under pressure at any time. Even if there is a false break, it is likely to face pressure. Currently, the short-term pace has slowed down, and the bullish continuation is insufficient. The short-term strategy today is similar to Bitcoin, continuing to focus on low long positions, and adjusting the strategy only after breaking the middle track.
Down below, you can set up long positions in the range of 2300 - 2270,
still looking at 2350-2379-2400.
#ETH🔥🔥🔥🔥🔥🔥
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ETH
2,513.9
-1.60%