$ETH Let's take a look at Ethereum today!

🔸First, let's take a look at the daily chart of #ETH . After a big wave of upward movement, from March 12 to April 19, after a month of decline and correction, it fell below the yellow line in the key position of 3200 points, forming a double bottom structure around 2870 (Fibonacci 61.8%), and then. An upward trend was launched!

🔸I think there are two trends in the market next!

🔸One is similar to the yellow dotted line trend in the figure. The market has broken through the yellow key position of 3200. After a short correction at this position, an upward trend is launched! Because of this wave of market, the Fibonacci retracement of 61.8% (the dividing line of the end of the trend) stopped in the extremely fast market from January 10 to March 12, indicating that this wave of upward trend has not been terminated.

🔸The second trend is more direct. As shown in the blue dotted line trend! Because in the upward trend of the market, it is all rapid growth, and there is no chance for you to get on board!

🔸To summarize the above two trends, in the bull market, the basic principle is to be bearish but not short, and only do long orders. Combined with the on-chain data in the past week, whales are buying ETH at the bottom in large quantities. I think this wave of callbacks at the daily level has ended, and spot can be on board. Or you are smart enough to have already been on board!