Currently, Ethereum is following Bitcoin's strong adjustment, and it seems to be approaching a critical resistance zone.
The resistance range is within 3990 to 4050, a span of 60 points. I plan to initiate a medium to long-term short position here.
This position is crucial; even if I end up being wrong, I have to give it a try, as opportunities like this are rare.
However, I need to clarify that in the short term, over the next few days, ETH is unlikely to experience a significant adjustment and is more likely to oscillate at high levels.
Therefore, chasing long positions at this price carries too much risk, and I do not recommend doing so. If you're considering buying spot, it’s even less cost-effective, so please don't act impulsively. To be safe, wait for it to adjust downwards before considering a purchase; for now, it's best to hold your position.
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