The current trend of ETH is slightly different from BTC, which is actually a strong signal. It is firmly standing above the key area of the fixed range trading volume distribution chart, showing solid support and strength.
If there is a clear upward or downward breakout, we may see larger fluctuations. This is because the price is likely to absorb liquidity at both ends before truly making a directional choice.
Looking ahead, the next two to three months could be crucial for altcoins. Many cryptocurrencies are preparing to break historical highs, and one of the most potential coins currently is BNB. I will share a complete analysis in the next tweet.
Additionally, if BTC starts to consolidate sideways, this is usually a precursor to ETH and other altcoins about to take off.
So right now, just keep an eye on those two key price levels for ETH. They are your main support and resistance areas.#Circle扩大IPO规模
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