Ethereum's trend is very obvious at the 4-hour level. It has been running steadily along the descending box. There have been two slightly larger retracements before, but both stopped at around 2715.

However, these two retracements occurred on weekends, and Grayscale could not ship. But when the US stock market opens tonight, the situation will be different. If Grayscale can ship again, it will be difficult to determine whether 2715 can withstand the selling pressure.

As for the current price, it is not suitable for long positions. For coin friends who want to open long positions, it is recommended to wait patiently for the US stock market to open and observe the market situation. If the price breaks through 2715, you can pay attention to the retracement near the previous support level of 2680. Don't place an order, follow the trend, and go wherever you go.

From the daily line, there is an unobvious top, bottom, and bottom pattern. Friends who are not deeply trapped by the space order of Ethereum have the hope of being untied tonight. For coin friends who want to enter long positions, it is not urgent to wait for the retracement to form a new support before entering. Because the specific depth of the retracement cannot be confirmed yet.