#ETH

ETH market analysis

Following the big cake, affected by the decline of US stocks, Ethereum also fell sharply. The upper 0.618 position has not been confirmed to break through. This wave of decline directly hit the lower range of 0.382, which is also close to the entry position we prompted on the 1st!

In terms of trend: There is still strong support near 3300 below. If it can fall further to the last entry position of 3320, then multiple orders can still enter the market. Enter at 3320 and cover the position at 3270. The upper side still adopts the method of taking profits in batches. First, there is a small pressure of 3420, followed by the pressure of 3560 and the pressure of 3700. The pattern target is still 3880 and 4110!

The bull market of Ethereum has not yet arrived. All operations are only tentative entries. It is not recommended to go all in!