It's torture, it's the familiar time of Asian market crash again. Every time the Americans work hard to pull up the market at night, Asia keeps selling when they wake up. I don't know what they are thinking.
ETH hit the 4000 mark for the fourth time in this cycle, but was brought down by Bitcoin. This time, it seems that it will take a deeper correction to continue to attack. At present, in addition to the support of the 3800 mark, you can also pay attention to the trend line near 3730. If you reach it, you can short one hand, and you will probably get a good rebound. And before, our long orders were 4050 for stability, and the points were relatively accurate.
In the long run, Ethereum's 4000 resistance is definitely unbearable. This time it is at most a failure to hit, and it will be adjusted back for 1-2 weeks. The next time it reaches 4000, it will really break, and it will be the beginning of a new round of main rising waves.
In fact, the bull market is still long, don't rush for success, the market always goes up and down, it takes a year to complete, not just a few weeks. We must be prepared for a long-term battle and try not to bet on high-multiple contracts as the margin of error is too low, because the one who survives to the end is the real winner!