ETH hit 2680 and then pulled back, almost falling below the 2600 ‼ Is it going to pull back⁉
I think this is just a wave of whipsaw for the bulls, and there is limited downside potential for Ethereum. On daliy chart for Ethereum, you can see that ETH showed a strong upward trend over the weekend, closing two positive lines in a row. Today, its trend is a slight downward retrace , and it is very likely to form a hammer, and then turn to a upward trend, which is a favorable trend in my view at present.
Today is Monday, and the real market has only started today, so I still haven't taken profit for the buy order at 2556 long order, and I am still holding it, waiting for the major market on Monday. If the market continues to go upward as I said before, our profit will increase further.#CPI_DATA #PowellAtJacksonHole