Eth

Daily Level

Yesterday mentioned that Bitcoin's main focus is on buying the dip

Ethereum looks to short high and go long low

Currently at a middle position

Space for Ethereum

2380.2400------2480.2500 this area

However, yesterday adjusted Ethereum's upper limit to 2550 points

Currently at a peak structure of 17k, according to our expectation yesterday, the peak structure at 20k is likely to see a high and mutate

However, the MACD indicator at the current position has basically merged, meaning that if the price continues to rise tomorrow, the daily line will golden cross. Although there is a possibility of MACD mutation resembling a 'duck's mouth', this is a rare case. If there is mutation, there is a risk of reversal

In other words

For the daily level MACD, we are more inclined to see a mutated 'duck's mouth' pattern, mainly aligning with the requirements of the peak structure. Thus, tomorrow's Ethereum, including today's Ethereum, may have a more bearish tendency, with 'bearish' meaning downward.

Then, through oscillation, allowing MACD to form an invalid golden cross, leading to a future mutation of downward 'duck's mouth'

So to put it simply, we lean towards a primary action of Ethereum's decline over the next two days

Comprehensive view of Ethereum's small cycle

Providing a thought

Light position short entry at 2457

Profit target reference at 2430

If going long, better to see the 2400---2420 area to go long

This short can consider light position bottoming at 2480--2500 to add short