🔥 #ETH has gone out of the independent market in the past two days. The reason is probably that the announced ETH spot is likely to pass the S-1 document in advance.

But it should be noted that even if it passes, it is impossible to pull it directly to 4000. All trends will have wash-outs and accumulation of chips. Wait until the institutional chips are sufficient before choosing to pull the market, so you must do a good job of position allocation and risk control to leave yourself enough room for operation

Ethereum is currently at the support level of the right shoulder. 3400 is the short-term strong and weak dividing line. After fierce competition on the evening of the 14th, it was still effectively recovered. Here it is recommended to enter the spot in batches

The second support is at 3200. Since Ethereum has ETF expectations, it may be brought down by the market. The recent ETF has been in a net outflow state. Therefore, if there is a pin opportunity around 3200, it is a very cost-effective position. Long-term chips can be safely entered

💥If you can't recognize the market, then no matter how good the opportunity is, it will have nothing to do with you. Move your little fingers to make money, like and follow, share the cause of the rise and fall every day, and the wealth code will be at your home!