Will you miss the big surge because you are not be patient to hold positions now⁉ There are many buyers of ETH in the lower side of the congestion area, so it has to move in sideway instead of falling to form a large-scale wash trend. It seems that the bull market will return. It's the familiar trend of washing out bulls.

I don't know if you still remember that when Ethereum fluctuated back and forth between 2800 and 2900 for eight days in a row. We told you at the time that Bitcoin had risen by nearly 10% in a row, but Ethereum did not rise at all, and ETH kept fluctuating in a narrow range between 2800 and 2900. This is obviously a trend of shady manipulators highly controll market and wait for a surge. You can refer to the following figure 1.

The trend at that time was almost exactly the same as today's trend. The current trend is fluctuating in a narrow range between 3700 and 3800. At that time, it was fluctuating in a narrow range between 2800 and 2900. In these two trends, both Bitcoin started to rise, but Ethereum did not rise. These movements are grinding, because if you go long around 3700, you will be forced to stop loss since ETH keeps hitting 3800 and then falls back to 3700, which will making you have profit- taking.

So the subsequent trend can be very clear. The return of the bull market is a certainty, but what we really focou on is that whether the subsequent market start to rise from 3700 or fall back to 3500 and then rise again? So the solution we are giving now is to call for going long near 3700 with palcing the stop-loss at breakeven, and then if the price touches this it, we will plant to go long near 3500. #MegadropLista #mememcoinseason2024 #IBIT