Ethereum and recent copycat solutions!

Recently, I have been talking about short-term ETH. Let’s get out first and then buy in again after the callback. This time, Ethereum has callbacked from more than 3,500 to around 3,100 at most, which is a callback of about ten points. So when will we buy the bottom again? Let’s listen to Brother Chong tell you!!!

First of all, the main reason for this pullback is the short-term profit-taking and the turnover of CEM and Grayscale Fund. At present, Grayscale still has about 7 billion US dollars of ETH waiting to be traded, so in the next ten days or so, Ethereum will still have a continuous selling pressure!

If institutions want to change hands, it won’t keep falling. The normal idea is to drop 10 points, pull up 5 points, and then drop 10 points! ! 1 In the process of falling, some people will cover their positions or panic sell, and when it goes up, some people will chase high! ! According to the current market trend, Ethereum may pull back to around 3300 to consolidate, and then wait for a certain speech by Chuan on the 27th, BTC will start a wave, bringing short-term benefits! ! !

Later, Ethereum took advantage of the favorable funds to conduct a large number of turnovers, and finally Ethereum pulled back to around 2970. I still look at below 3000 for a short-term bottom-hunting range! This position can be used as a target point in the near future! ! It is also the first entry point of this wave! ! !

Of course, if Ethereum pulls back or rises, there will be changes in the altcoins. If you have listened to Chong Ge and kept USDT, you can also find some high-quality altcoins and do short-term trading!!!

This wave of washout will not last long and will end soon! After the institutional funds have completed the turnover, just wait for the ETF dividends!!! Don’t be nervous, don’t panic, read more articles on Youyou, it’s better than anything else!!!