Today, ETH went through a wave of high-level market at noon, challenging the resistance level of 3140 again, but there was no volume, and it was hit by a big negative line, stepping back to 3060. The bulls who chased more were miserable. This is what we have always said not to chase the rise and sell the fall. There must be logic in entering the market. Long orders at low levels can continue to be held, and chasing more at high levels requires breaking through the resistance level.

Ether's trend began to weaken in the evening. If it were not for the big cake to support it, it might have to step back further. At present, the differences in Ethereum are relatively large, and the market sentiment for Ethereum is relatively poor. If a joint force cannot be formed, it may be difficult for the main force to go out of the independent market on its own. Therefore, our focus should still be on the big cake. Ethereum can allocate a part of its positions in the medium and long term to gamble on the exchange rate. After all, this exchange rate is also extremely low, and there is room for rebound.

According to the normal exchange rate, Ethereum should be 1/20 of the big cake, that is, the exchange rate is 0.05. The current exchange rate is only 0.046, which is almost halved from the high. If the subsequent currency circle wants to have a decent rebound, Ethereum must strengthen. Most of the cottages also follow Ethereum. Bitcoin can only suck blood and it is difficult to drive the cottages.

In terms of operation, it is still mainly low-absorption and breakthrough. If it falls back to around 3050, you can try to absorb low. If it breaks through 3140 with large volume, you can also follow the trend and chase more. Before it effectively falls below 3000, it is still a bullish idea#以太坊ETF批准预期 #ETH