#ETH🔥🔥🔥🔥
Ethereum encounters resistance: a possible correction!
Ethereum is currently priced at 3,197 yuan, down 1.08%.
Ethereum Tether has also had some "criminal" incidents, with the price at 3,205.09 yuan, also down 1.12%. Does this mean that Ethereum's bull market is going to take a break?
It seems that after a surge, Ethereum is now facing difficulties, and the price is a bit stuck. Sellers are beginning to gain the upper hand, and a short-term correction may be coming.
Why does Ethereum encounter resistance? Let's analyze it:
First, it has reached a "tough nut" area, and sellers want to take the opportunity to make a profit and leave.
Second, the RSI indicator shows that the market has bought too much, and it needs to take a breath and may adjust.
Third, there is still a gap near $2,205 that has not been filled. Buyers may have wanted to take this opportunity to fill it, but now the bearish trend has overshadowed it.
What impact does this have on us?
Although Ethereum may continue to rise in the long run, the current resistance and overbought situation make it more likely to pull back in the short term. If you are in it, either consider selling to make some money, or wait for a bearish situation before looking for an opportunity to enter.
Don't forget, I am not teaching you how to invest, you have to do your homework.
Want to enter the Ethereum market?
Then you have to keep an eye on it. The market changes quickly. Knowing what is affecting the price of ETH can help you make smart decisions and make more money.
Here are a few more tips:
Set a stop loss so that you can save your money in case the market goes wrong.
When you have made enough money, sell at a high price to lock in profits.
Don't play too big, don't do business that you can't afford to lose.
Pay more attention to news and technical analysis, and be well-informed to make wise decisions.
The Ethereum market is risky, but as long as you have vision and strategy, you still have the opportunity to make a lot of money.
The test of a big bull market is not only the rise and fall of the market, but also the test of our mentality. Facing the changes in the account, we must remain rational. Next, I will announce the next 10x potential coin! It is better to grasp it than to guess blindly! Like + leave a message, free sharing.
