Yesterday, the price of ETH rose to $3,929, but then there was a pullback. Investors mainly tend to operate long positions, but short positions are also increasing under high leverage.

Our operation is also to start long at 3,850-3,800. There is no need to operate too much at present. The target is set at $4,100. The market shows signs of shock and wash, but there are still intraday trading opportunities.

The liquidation chart shows that there are a large number of liquidation orders below the market in the 12-hour and 1-hour cycles. This is an important factor that I dare not rashly go long. The current shock and wash characteristics of the market require high vigilance, pay close attention to market trends and changes in trading volume, and avoid excessive leverage operations.

The current market sentiment of ETH is relatively complex, and the game between long and short forces is fierce. Pay attention to position management when operating, and avoid frequent trading. In addition, pay attention to changes in the global macroeconomic environment, especially the policy trends of the Federal Reserve, which may have a significant impact on the market. You must follow the trend instead of resisting it

ETH is relatively strong in the current trend and may be the key to driving the entire market. You should also pay attention to the Ethereum sector. There will definitely be a wave of hype before it is listed on the exchange in July or August.