In terms of Ethereum, it is stronger than Bitcoin overall. After breaking through the previous key resistance of 3530, it started to make up for the rise. The highest intraday price reached around 3730, and it rebounded more than 400 points from 3300. The overall profit is still considerable. At present, it is linked to Bitcoin's decline, and the lowest price reached around 3580, with a drop of 150 points. We mainly focus on the movement of the main force. At present, the main force of Ethereum is doing things, and the retracement is our opportunity for layout
The main force will restart the market after more than a month of washing, and will not stop easily, but the market must stabilize, otherwise there is no way to form FOMO, and the purchasing power cannot be sustained. The focus is still on whether Bitcoin can stabilize at 70,000. If it can stabilize at 70,000, the trend will not be affected, and it is still a successful breakthrough, then Ethereum will have the opportunity to further make up for the rise. The layout of spot does not need to care about short-term fluctuations, and you can enter the market directly at the current position
In terms of exchange rate, it is still continuing to strengthen. At present, it rebounds to Above 0.0515, we start to go long on the exchange rate from around 0.05, and we can also get a 3% profit. Our goal is 10%. The current rebound has just begun, and the selling pressure in the market is mainly from the big cake. The safer operation is to continue to go long on the exchange rate when the market stabilizes at a key position, and the target is 0.055 first.
At the current point, the support below is 3600 3530,
The short-term resistance above continues to focus on 3700
In terms of operation, if Ethereum can maintain above 3600, you can try to enter the market with the trend. If it effectively falls below 3600, pay attention to 3530-3500 for low absorption below, and you can arrange long orders
