Today's market analysis;

$ETH (10/12 market analysis)

After falling 12% after the National Day, Ethereum fluctuated at 2500-2300 for nearly 10 days, with an amplitude of 5% in these 10 days. It belongs to a state of falling consolidation.

🚩 Weekly: From the above point of view, the shorts are still dominant. The weekly line needs to reach around 3000 to mark the turn to long.

🚩 Daily: It is still near the zero axis and is at the beginning of the pressure support. Long and short are playing games.

🚩 Hourly: The long army is actively preparing for battle and has turned to long. The main focus is on long positions.

✅ Intraday operation: Enter the factory at 2400-2440

✅ Target position: 2600 stop profit target 8%

✅ Short-term orders: Short-term orders should be strictly executed according to short-term orders. It is difficult to get results without distinguishing long periods.