Market analysis - #ETH
I haven't looked at Ethereum for a long time, but I think it will show some performance in the near future based on the technical form:
1. An oversold rebound is formed on the weekly line, and an inverted hammer line also appears. This form is more accurate. In addition, Bitcoin has also entered a rebound cycle, which is expected to drive Ethereum to form a compensatory rise trend, but the maximum stop loss for medium and long-term entry is near 2273 below
2. The daily line is still short, but the continuous large-volume small positive line pushes the price upward and is expected to break through. Try to choose to enter the market near the previous support, such as the previous small platform of 2544 on the daily line
3. The 1-hour level breaks through the ascending triangle, and the trend of Bitcoin begins to decouple, meeting the first condition of strength. The starting point of the day below 2560 is the warning position, and it is firmly long if it is not broken.