$ETH

Market News and Concerns

Since the Israeli attack on Iran, the market has experienced a strong shock and has dropped sharply. The Israeli Defense Minister also stated that the attacks will continue for a few days, which may further affect the market, but looking at the technical analyses, the market paints a different picture.

How?

Before this attack, the market was in an overbought condition, requiring a correction to calm its strength and form a swing bottom, which has already formed, and its strength has calmed down as well.

The current situation of the market technically appears to be upward, as its strength has decreased to its lowest level, the Bollinger range volatility is at its highest levels, and the price movement is also extended.

Therefore, technically, the market is a good buying option.

This is my plan: I have already opened a futures position on Ethereum from 2510, which is a swing average interest rate setup.