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Views on Ethereum on May 31

Last night I reminded everyone that there might be a wave of pull-ups, with the lowest at 3734 in the evening. I reminded you before that there would be further pull-ups near 3739.

Based on the dual benefits of US debt and unemployment benefits, I reminded my friends to cancel the short orders near 3760 in the evening to prevent abnormal market movements.

I previously thought that it would rise to around 3850 and then stand firm at 3820. Now it seems that Ethereum encountered major resistance when it rose to 3820, and fell back to around 3720 in the early morning.

At present, Ethereum is still in a bearish trend, but the situation is not clear. Yesterday, I saw that Grayscale suspected that it had transferred BTC to Binance Exchange. It is not ruled out that it will go up and down and insert needles at night. It is recommended that high-multiple contract partners be more cautious and do not hold contracts at night.

At present, we can see that there is a squeeze model. Aggressive friends can choose to open a short order near 3760, defend 20 points, and take profit at 3750 and 3720. Remind you that this order is on the left side and the winning rate is average.