Now many people are calling for ETH to break 10k, I really don’t know what basis these people have, just relying on their words? It would be good enough if it can break 4000 to 4900 next year. Yesterday ETH started to move, that’s because it had been consolidating for three days, low-level sideways movement, and after such a long time of consolidation, it had to pull up, so last night it retraced to 3060, I suggested going long directly. The underlying logic is mainly because BTC is consolidating at a high level, and some funds have shifted to altcoins, sharing the benefits, and here the altcoins specifically refer to ETH and the leading coins in various sectors.

Returning to the price levels, first break and stabilize above the recent maximum pressure of 3444 before talking about 3660-3996. If there is a rebound of a hundred points, calling for 6k or 10k is not realistic at all. Misjudging ETH and blindly having high expectations for ETH will lead to significant losses this round. It has been neglected by capital for not just one or two days. Especially in the case of long contracts, the pattern can easily get trapped, while spot can still be held for a while.

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