#ETH持续飙升

Overview of the market on Monday afternoon, February 12:

ETH followed the BTC fluctuations and made a pullback. When I posted in the morning, I didn't pay much attention; if I had opened a short position at 3757, it would have been within the 3757-3646 range, and now I would have made a significant profit. It's just a matter of hindsight!

A few days ago, BTC was oscillating at a high level, while Ethereum surged from 3400 to 3757, completing its rebound and providing a good explanation for everyone. The Ethereum series also saw a significant rise, especially ENS and PEPE, which stood out. Will #ETH持续飙升 ETH continue to soar to 3800-4000 or even break new highs?

If Ethereum can stabilize at 3584 (where support and resistance switch positions), then it can temporarily stop falling and rebound. If there is another large bearish candle, it would reach the major support level at 3538 and successfully complete a true breakdown; intraday support is at 3584 and 3538; resistance is at 3646 and 3693.

The MEME cryptocurrency on the ETH chain, PEPE, has also surged by 35%, following Ethereum. The PEPE trading range is similar to WIF, with each wave being more than 10%, and the fluctuations are quite significant. Last time, when PEPE pulled back to 1731, my order at 1688 unfortunately wasn't filled. Let's see if this time there is an opportunity to make a profit; this afternoon, it dropped to the trend line and immediately rebounded back.

PEPE is currently forming an ascending triangle pattern. If it doesn't break below the trend line, it will continue to rise; if it breaks below the trend line, the maximum pullback might reach the 1731 level. Currently, support is at 1964 and 1808, and resistance is at 2090 and 2183.

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