The long-order idea shared on Saturday morning has been initially confirmed!

The retracement of the big cake gave a chance to take a long position. After touching 69600 above, the price retreated slightly again. The overall trend is still a narrow range of oscillation!

Ethereum played a solo show over the weekend. The bottom relied on the MA30 moving average support to continue to rise. This is also the key support we gave on Saturday. In the early stage, it was the MA30 moving average that was tested many times. With support here, the price continued to rise, and our 3740 long order has now completed a profit of 100 points!

Conservative friends can also stop profit and leave the market first here. Friends with more abundant positions can still keep some bottom positions and continue to look at 3900-4000!

The short-term weak trend of the big cake will not last too long. After two days of sideways consolidation over the weekend, it is bound to usher in another outbreak this week! The bottom support can still be paid attention to. Friends who have entered the long position can pay attention to the support situation and consider whether to continue holding. Conservative friends can leave the market near the cost price!

The U.S. stock market is closed for one day on Monday, but there is still a possibility of large fluctuations in the morning. As mentioned before, the approval of the Ethereum spot ETF is a long-term positive. If Bitcoin breaks a new high because of the approval of the spot ETF, then Ethereum will not lag behind. We are still optimistic about the performance of the bulls in the future, and there will be a chance for a short-term pullback. As long as the support is not broken, long orders can still be entered!