Daily Market Analysis - ETH

Dear ones, Ethereum has reached the critical position of 3000! However, this position at 3000 is very delicate, and we cannot easily conclude whether it is a true breakout or a false breakout.

Regarding the expected future trend, there are mainly two possibilities. The first trend: a quick spike upwards to liquidate short positions before a pullback. The second trend: or it could take off directly above 3000. The overall trend is still leaning towards a pullback to the upside, so we need to be prepared for both scenarios.