Yesterday, many people commented that ETH movement was a box range oscillation and it was difficult to take entry in the market. In fact, this statement is not quite correct, because the box range oscillation generally is completed in a short time, without significant increase and delcine. However, this market movement was not in line with the features of box range oscillation.
First, the market took a long time to complete a round of ups and downs in 30 hours. Second, the rise and fall have reached more than 5%.
Therefore, this movement of ETH cannont be summerized by the box range oscillatio. It is not quite correct. But it can be referred to as wide-range oscillation is more appropriate.
