Beware of a high-rise fallback, don't chase long before Ethereum stabilizes at 2.8K!

Good midnight, Ethereum currently holds a short position of 2808, and has reduced its position at 2750. Now the price has come to 2760. The lowest point in the white market fell to 2731 to stop the decline. Judging from the current decline in the market, the strength of this retracement correction is far from enough.

Let's first look at the short-term 4-hour level. After reaching a high of 2819, it retreated. The bottom of 2730 was tested again. The K line has two consecutive positive lines, and there is a need for further shocks upward. However, given that the current market has not stabilized at 2800, don't chase the highs. Once it stabilizes at 2800, the next pressure level will be 2900, followed by 3200. So if you chase the highs, don't be too anxious. This big bottoming out has been from 2110 all the way up to 2800, which is more than 700 points. There is not too deep or too large a retracement in the middle, so be careful not to chase the highs and get trapped by a large retracement!

Midnight Xia Sen's personal thinking is still mainly high-altitude, around 2800 here to arrange short orders, the defense belt is here at 2850, and the target is to look at 2700 and 2650!

The above is only a personal opinion, investment is risky, and you need to be cautious when entering the market! #杰克逊霍尔年会 #新币挖矿DOGS #Telegram创始人被捕 #MtGox钱包动态 $ETH