Ethereum rebounded near the target of 2550

9.24 Market Views
The Ethereum has reached its peak at a small level and needs to be corrected. The direction at the large level has not changed. The previous downward trend has been broken by the bulls. We only need to wait for the retracement to continue to go long. Pay attention to two positions. One is the last wave of rising short-selling position near 2550, and the other is the double bottom breakthrough position below near 2450. Overall, the large-scale trend is still upward. If the small level is corrected, the correction will not be too deep if the bears are weak.

The big cake is simpler. The key position is near 62,000, which is also near the rising trend line. If it falls below this point, the profit-taking may accelerate the selling, but the overall background is conducive to going long. Fine-tuning is not a big deal. It is best to form a shock range of 62,000-65,000, and finally accumulate momentum to break through directly, and then it will rise in a mighty way.

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