Once the news of the fight yesterday broke, our ETH trend predictions also became invalid, but it remains within the trend we mentioned. After ETH retraced to the 4-hour range, it bounced back to around 2780 before being influenced by news and retracing.
This wave can be considered a door being painted, directly dropping back to the bottom of the 4-hour range. During the day, we will pay attention to whether it will break below 2460; if it can hold steady, we can cautiously enter to test for a long position. The normal trend for ETH is still expected to oscillate around 2450~2750.
Now entering this range is actually a good thing, at least it ensures we won't continue to drop. If it doesn't hold steady and breaks down, the direction will need to change.
