$ETH Ethereum Idea Sharing 🔥

With the U.S. stock market closed on the weekend and Monday, the entire cryptocurrency market has appeared quite dull. After such a long consolidation, I hope tonight will be a stunning turnaround.

Looking at the chart, the daily line shows a high-level bullish oscillation standing above the 5-day moving average. The 30-minute chart has broken through the upper pressure of 2635—2665 with a bottom-composite head and shoulders pattern. In the short term, we will first look at whether the 30-minute pressure can break through and hold. The daily line pressure is at the previous high position, and in the short term, it does not have the conditions for a direct breakthrough. Just maintain a strategy of high selling and low buying.