Analysis of Ethereum on August 29
Good afternoon, brothers. Today I will show you Ethereum. Ethereum is currently stronger than Bitcoin. Just look at the volume column in the figure below to find that the buying power is very strong. However, from the latest 1-hour volume column, it encountered obvious resistance near 2560. If it cannot break through, it will fall below the upward trend line. In addition, it has been mentioned in previous posts that it is difficult to break through the key resistance position when it rises little by little.
So we are still bearish today.
Entry point. 2580-2590
Stop loss near 2610
The first profit stop point is 2480
The second profit stop point is 2420
