$ETH Evening Thoughts:
Hope that tonight's U.S. stock market opening won't be a false alarm, and it would be lively if we don't see another high hanging back. The exchange rate of the second pancake is again challenging 0.036, hoping this time it can succeed; only with a strong exchange rate can the second pancake be stronger.
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Talking through the picture: Aggressive traders should chase long positions on the right side of the marked position with volume breakout, while conservative traders should patiently wait for a pullback to the marked point for long positions. Regardless of whether you are aggressive or conservative, make sure to set your stop-loss properly.
If the second pancake can break through the 3500 round number in one go on the hourly chart, the upward movement may just be beginning, with targets continuing to look towards 3552-3610.
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On the 4-hour chart, if the second pancake can pull back to around 3400, it would be even better. 3400 must not break; once it breaks, it will return to the previous consolidation zone of 3370-3323. Be patient and wait for the right entry point.
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Action speaks louder than words.