I haven't talked about ETH in the past few months. Long-time followers know that our focus on ETH has always been primarily on spot.
From a technical perspective, the horizontal adjustment that has lasted for more than a month shows no significant directional bias. The repeated narrow fluctuations also indicate that liquidity remains at a very low state. Secondly, this round of 📈 has not been able to keep up, as the big coin has currently shifted from an 📈 trend to a consolidation phase, and even the mid-term structure is more inclined towards correction, making ETH inevitably prone to panic emotions at any time.
The core resistance range on the daily chart is between 2830 and 2888, which is the current watershed. Even if there is a probability of moving upwards out of this range, it's safer to wait until buying volume increases or accumulates before breaking out to create upward space. Subjectively, I still expect a later补涨, as BlackRock continues to buy with core chips supporting it. However, currently, the cost-effectiveness of short-term trading is not very suitable, so it's better to steadily hold onto Spot.
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I haven't talked about ETH in the past few months. Long-time followers know that our focus on ETH has always been primarily on spot.
From a technical perspective, the horizontal adjustment that has lasted for more than a month shows no significant directional bias. The repeated narrow fluctuations also indicate that liquidity remains at a very low state. Secondly, this round of 📈 has not been able to keep up, as the big coin has currently shifted from an 📈 trend to a consolidation phase, and even the mid-term structure is more inclined towards correction, making ETH inevitably prone to panic emotions at any time.
The core resistance range on the daily chart is between 2830 and 2888, which is the current watershed. Even if there is a probability of moving upwards out of this range, it's safer to wait until buying volume increases or accumulates before breaking out to create upward space. Subjectively, I still expect a later补涨, as BlackRock continues to buy with core chips supporting it. However, currently, the cost-effectiveness of short-term trading is not very suitable, so it's better to steadily hold onto Spot.