Urgent update on the new perspective of the market. Currently, Ethereum has two possible trends. Here, the 2-hour and 4-hour candlesticks need to stabilize before moving towards the second possibility. It is recommended to reduce positions here and then enter around 12 midnight, with the stop-loss set at the lowest point of the sideways movement (those who haven't entered yet can operate like this; it's uncertain whether it can stabilize here). Personally, I feel the probability here is 55-45, and the probability of the second possibility is actually not very high. (The reason is that the trends of several other mainstream coins also have two possibilities, and none of the mainstream coins show a strong trend.

Details can be seen in my analysis of BNB, DOGE, and XRP.

Post time is 21:00 Beijing time. #加密市场回调 #ETH