📊｜Latest Analysis of ETH in July

📌Based on the principle of following the general trend and going against the minor trend, we use hourly, daily and weekly charts to analyze the current position of ETH and how to operate properly

🔻First, we use the weekly chart to determine the trend. It is obvious that the weekly chart is about to form a McDonald's double top shape

Like this situation, the long risk is relatively large, but everyone is more willing to believe that the ETH spot ETF can be officially traded smoothly in July. Therefore, there are still many retail investors who blindly follow the trend. Xiaomai reminds everyone here that brothers who go long must set a stop loss and don't lose the big for the small

🔻After the trend is determined, let's look at the daily and hourly charts. It is obvious that the current volatile market is supported by 3400. According to the trend of the big cycle, we are actually not suitable for going long now. Friends who want to go long are still advised to wait until this trend is over before seeing whether there are more or less. I am still the same, bearish but not short🈳

After watching ETH, you can also choose to wait and see the layout of L2🫰🏻

#以太坊ETF批准预期