Those who have read the articles I posted these days must have made quite a bit. Last night, ETH strongly approached the high point of around 4080 from a few months ago. After some consolidation, it will perform well again.
Yesterday mentioned that the market rally was coming to an end and needed a correction, but the correction was a bit deep. Yesterday's deep correction was a sharp decline for the bulls, but a quick recovery followed. Now the market is steadily rising, and the bulls are starting a new phase of strength. ETH is the first to recover, proving to be the strongest!
As expected, ETH was the most eye-catching mainstream coin last night. It broke through the previous high and quickly attacked 3890, just one step away from 3900. Next, it depends on whether the small support level 3770 can effectively support it. If it cannot support it, it will go to the next strong support level around 3665. The rest of the mainstream and altcoins have experienced a sharp correction! Pay attention to your positions. If there is no big correction in BTC and ETH, low long ETH will continue to challenge the high point of 3990!
Friends who saw the post I made yesterday afternoon should have enjoyed a big feast. As this round of market rotation approaches the end of the rebound, a pullback and consolidation may be needed. The main force requires more low-priced chips to advance!
In the past week, the main building's old coins have risen significantly, such as EOS, XRP, and Dogecoin. Only ETH has not risen much. Moving forward, ETH should be a key focus. If it breaks the previous high of 3770, it is expected to continue to rise significantly. Breaking 4000 is just the first small target, the short-term goal is 5000, the medium-term is 8000, and the long-term is 20000.