0891642910#ETHhad a sudden market situation in the early morning, will there be a correction soon?
April 2nd Orca Club’s market data broadcast: On-chain data shows that the pallet power is not obvious, and there is no obvious substantial selling pressure. Yesterday’s pin insertion is most likely an emotional reaction caused by economic data. From a fundamental point of view, there is still no An explosive trend is formed. Net inflows into ETFs are not optimistic.
It will take about two weeks for the sentiment of BTC and ETH to recover. After two weeks, BTC may enter an upward channel, but ETH is still pulling its crotch, and there is a risk of a downward trend that will collapse the market.
BTC ETH contract positions are consolidating at a high level, while funding rates and lending rates are falling back to rest, waiting for the next outbreak.
Short-term support level 68747
Short-term pressure level 70941
Mid-term support level 67284, 65822
Mid-term pressure level 73135
The above information is for reference only and does not constitute investment advice.
