My personal view on the current ETH market is that after many long positions have been liquidated, the current long structure has not been broken, and I tend to think it will rise📈

Of course, the premise is that you have to have a long position between 3430 and 3388, so that it is safe. If you chase the rise now, it will be more dangerous, because after touching 3420 twice, a double bottom was formed, and then a wave of decline yesterday broke through the double bottom and rebounded quickly. This is a more obvious wash-out trend. Because Bitcoin fell sharply yesterday, Ethereum just fell through 3420 a little bit, to around 3365, indicating that the support in this area is already very strong, which just played the role of clearing the stop loss and clearing the longs‼ ️So I am more bullish at present. Of course, this view may not be very understandable to everyone. I am just interpreting it from a technical perspective‼ ️

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