Yesterday I said that the exchange rate can be long at a low level. Today it has returned to 0.05. Ethereum did not fall much in the evening, and the price is still running around 3350.

ETF selling pressure has not ended, but it is a good sign that the overall market has not accelerated its decline again. From the price point of view, the market absorbed most of the Grayscale dumping yesterday. This also proves that our thinking is correct. Basically, it is now the stage of dealer accumulation.

Pay attention to the 3280 position in the short-term market. If it continues to stand firm, the 4-hour level will basically stabilize. The price is currently above the Bollinger middle track, and the MACD fast and slow lines are also crossing the zero axis. If the Bollinger can open upward again and the price stands above 3340, this wave of callback may end and start the next wave of shock upward.

The short-term decline has decreased, and it is still not recommended to short. Continue to arrange long orders before the trend reverses. The support level is 3300-3250. The pressure level is currently 3400. The integer level has strong pressure. You can pay attention to $ETH