Don't panic, observe the market trend first and stabilize your emotions. The important pressure level of 58500 mentioned earlier has been broken.

So should we chase more now?

The answer is: not yet.

Why?

Because in the long run, 60000 is still a strong resistance range.

The current fluctuation range has entered the middle chip zone, and 60000 is not only the top of the middle chip zone, but also the bottom of the upper chip zone.

Although 58500 has been broken, showing that the bulls have strong momentum, it is not easy to break through 60000. Therefore, it is not advisable to blindly chase the rise now, and the best strategy is to wait patiently.

If the price fails to continue to rise and falls back, we can look for buying opportunities below. If it breaks through 60,000 and continues to rise, the bulls will be confirmed, and we can consider chasing more.

The market has been volatile recently, and it may be wise to wait and see for a while. In addition, the resistance of Ethereum near 3150 is obviously in effect, which also requires us to wait patiently for the signal to confirm the breakthrough.

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