ETH has fallen independently today, changing its strong performance over the weekend. The main force has diverged. Without the influence of external factors, the gains over the weekend were basically swallowed up, falling from a high of 3357 to a low of 3133, a drop of more than 200 points. In the absence of the US market opening, it has fallen sharply, making retail investors who have just got on board feel desperate.

But as we mentioned before, whales continue to increase their positions in the 3000-3100 range. This increase over the weekend is not enough to ship. The market liquidity is poor, and a small amount of chips will create a big pit, so it is not a group of people who buy and sell. If the current position continues to fall, it will only be a loss or a market crash. In addition, the depth of the long position in the market is already insufficient, and it cannot undertake too much liquidation. Then the market crash can only be a loss or a cheap chip hand over. The current position is not a time for panic. Dare to take it if you dare to smash it.

In terms of exchange rate, Ethereum led the market to collapse today, and the exchange rate fell by more than 3%. It has now fallen back to around 0.0505, and it is time to defend 0.05 At this critical moment, to be honest, the rising sentiment of the weekend has changed into an up and down gate, which no one can predict. The current market is weak and the sentiment is bad. You can't chase the rise and sell the fall. It is recommended to hold the spot for a long time. In the short term, look for support before entering the market.

At the current point, the short-term support below is 3100 3000,

The short-term resistance above is 3400 3500

In terms of operation, today's overall retracement is already quite deep. 3100-3000 is the last barrier for bulls, and it will not be easily broken. If it can break through 3200 and stabilize at night, you can enter the market. The low-absorption idea is to focus on the 3060-3100 range to enter the market, and the risk control is below 3000