Good morning, brothers. Let's briefly analyze today's Ethereum market.
Yesterday, ETH's performance was stronger than BTC, and after stabilizing above 2600, it soared in the afternoon, with the hourly chart showing a main upward trend. It even approached the resistance level around 2685 at night before retreating. In the middle of the night, it once again broke through the high point of 2685, entering the final extreme position near 2710. Now looking at today's daily candlestick chart, the first resistance is at 2675, the second resistance is around 2690, the first support is at 2625, and the second support is at 2600.
Now let's take a look at the movements of large holders. There are a large number of sell orders above 2500, indicating strong bearish strength. Therefore, the overall trend today appears to be bearish.
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Stay close to the orange east and position yourself in the main upward trend of the bull market in advance!
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