Ethereum ETF will still be hyped up, the time to buy is coming soon! The sharp drop last week has made Ethereum adjust moderately, and the Ethereum series has basically returned to the starting point of the rise when the Ethereum ETF news was announced. What are you waiting for if you don’t enter the market this time? It will be very crazy when it is hyped up again!
There is a high probability that the CPI and interest rate data on Wednesday will have a market trend. In the short term, we can see that there is liquidity to be cleared below, and a retracement is likely to occur.
From the daily line, ETH just retraced to the 0.618 position. In the near future, pay attention to the second retracement. As long as it does not break the new low and retrace to near 3600, you can add positions in batches. The short-term retracement space is limited. After adjusting and accumulating momentum, it is expected to hit the 4000 mark again.