ETH is slightly stronger today, reaching a high of 3294 during the day, breaking through the previous high of 3235 and forming a new high. In the short term, the big cake fell back. It can be seen that the decline of ether is not strong, and the altcoin has been silent for a long time. After the big cake stabilizes the key point, if the main force of ether can exert its strength, the altcoin is expected to usher in a wave of rebound. Focus on whether 3200 can stand.
At present, the big cake can no longer be used as a weather vane for the strength of the currency circle, because the current trend is basically controlled by the US ETF, and the traffic brought by the ETF cannot be allocated to the altcoin. Therefore, it is often seen that the big cake rises, the altcoin does not rise, the big cake falls slightly, and the altcoin falls sharply. Only when ether strengthens, the currency circle will usher in a real recovery. Today, the overall trend of ether is stronger than that of the big cake, and the meme sector has also ushered in a considerable rebound. Continue to pay attention to the strengthening of ether in the future.
In terms of exchange rate, it rose by about 1.5% today, from ETH/BTC From the perspective of the hourly level of trading pairs, it has been steadily climbing, indicating that the main force has begun to take action. From the major currency news channels, we can see that the whales have absorbed a lot of chips in the previous wave of decline. The current position of Ethereum is relatively low in the medium and long term, and the certainty of the layout of spot is higher. If it can continue to strengthen and break through 0.05, you can consider going long on the exchange rate.
At the current point, the short-term focus below is 3200 3000,
The short-term resistance above is 3300 3400
In terms of operation, the short-term linkage with the big cake decline, if Ethereum falls back to around 3200-3230, the medium-term long orders will be arranged at lows, and the breakthrough idea will be adopted. If the volume breaks through 3300, you can also follow the trend to chase more #ETH $ETH