ETH found support near the POC of the previous oscillation range around 3108 last night, followed by a rapid rebound. Like BTC, it is currently testing the longitudinal position of the M head. The testing seems cautious at a smaller scale. Considering the hesitation over the weekend, even if the rebound test doesn't go up, it may not drop deeply quickly, possibly oscillating instead of falling. Further directional choices will be made after the US stock market opens next Monday.
Several key levels to pay attention to
Support Level
First Level 3380
Second Level 3270-3250
Third Level 3152-3105
Resistance Level
First Level 3558-3535
Second Level 3723-3766
Third Level 3818
Trading should follow the trend, going with the big and against the small. When the trend arrives, take the opportunity. Be flexible in changing from trend-following to counter-trend. Opposing the trend is like an ant trying to stop a car, disrupting your mindset and trading rhythm.
During the night, with fluctuations in the US stock market, if there are significant fluctuations, friends, remember to take profits diligently and cut losses decisively. Holding positions is meaningless.
If you have any interpretations of other cryptocurrencies or need to consult regarding trading issues, feel free to leave a comment.
Personal opinion, please read rationally. Not investment advice.
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Wishing you successful trading. Thank you!