$ETH Ethereum Market Analysis
The rapid recovery near yesterday's low point of 1938 indicates a lack of liquidity and the overall sluggishness of the market. Why do I say this? First, the last unilateral movement was downward rather than upward, and second, major institutional teams are fleeing the market.
In summary, we can confirm that Ethereum is putting on a good show. At this moment, the probability of an increase far outweighs that of a decrease, and we only need to pay attention to the high and low points during the day, so there is no need to worry too much. Once it stabilizes above 1950, we can consider going long; if it breaks below 1930, then we should focus on rebound short positions. #美SEC加密圆桌会议
The rapid recovery near yesterday's low point of 1938 indicates a lack of liquidity and the overall sluggishness of the market. Why do I say this? First, the last unilateral movement was downward rather than upward, and second, major institutional teams are fleeing the market.
In summary, we can confirm that Ethereum is putting on a good show. At this moment, the probability of an increase far outweighs that of a decrease, and we only need to pay attention to the high and low points during the day, so there is no need to worry too much. Once it stabilizes above 1950, we can consider going long; if it breaks below 1930, then we should focus on rebound short positions. #美SEC加密圆桌会议