📊｜September 4 ETH short-term analysis
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Pay attention to ⚠️, an important indicator signal of ETH, the quarterly moving average is about to form a death cross with the annual moving average, which is a death cross of a large cycle.
This situation is extremely unfavorable for the recent bulls. Since ETH briefly reached the $4,000 mark on March 13, the overall trend of ETH and L2 has shown a weak decline.
♦️From the perspective of the activity of the on-chain ecology and the price of the currency, it is far behind SOL. This is extremely opposite to the performance before the ETF was passed. In any case, the current situation is extremely unfavorable for ETH and even the BTC market, and the risk of going long at this moment is extremely high.
