ETH Market Update 🥊
Yesterday's market was really exciting:
- Both attempts to break 3890/3860 failed to hold, and the highs are gradually decreasing
- A big bullish candle followed by a bearish candle, with a pullback exceeding 100%, the bears are coming in strong
- But upon closer inspection: the price is still holding above the 50% mark of the consolidation zone, and the decline is starting to see reduced volume
Current market situation:
✨ The latest four-hour candlestick closed as a long doji, with intense battles between bulls and bears
📉 Volatility continues to narrow, a change in trend is imminent!
Trading advice:
⚠️ Tonight's Federal Reserve meeting, short-term traders can take a break
💎 Spot traders should remain calm and hold; pullbacks in a bull market are always opportunities
Key reminder:
This round of the bull market has entered a new phase:
💰 Funds are starting to focus on leading projects
🚀 Sector rotation is accelerating, and junk coins will reveal their true nature
Stop fantasizing about "holding on for a surge"; you need to learn to:
- Assess trends
- Capture quality sectors
- Adjust positions in a timely manner
The main players are now playing the "wolf is coming" trick; the third breakthrough might just be real! $ETH