This Ethereum candlestick has me confused; could this be the largest head and shoulders pattern in history? Although this chart looks overly idealized, the fact is that Ethereum has indeed fallen to a strong support level just above 1700.
Back in 2021, during the great crypto crash, ETH also dropped from 4000 to just over 1700, testing the 1700 level three times. Ultimately, after the London upgrade a month later, it reversed its losses, first rising to 2700, then to 4000, and finally reaching 4877, with a dramatic turnaround.
Now, in April, there happens to be another Prague upgrade; can Ethereum replicate that reversal?
The real data shows that Ethereum tends to have a surge with each upgrade, but this time we should lower our expectations. I'm not looking for huge profits; if we can make a small gain or just break even, I think that would be sufficient. 😢
The unemployment rate is high at #非农就业数据来袭 , and the number of employed is below expectations. Logically, it should have fallen, which does not align with interest rate cuts. How did it go up instead?
I really look down on those 125x leverage and 100x leverage positions in the square. How embarrassing, and yet they show off. I truly don't understand. They can't read trends and are afraid to share trading volumes. I see it as just an ant-sized position being opened, and then someone just posts that. Misleading new traders. They know nothing.