ETH continued to rise and hit resistance at $3,135. After the market fluctuated at the four-hour level, it rose along MA7 and broke through multiple suppressions. However, it closed on the negative cross line in the short term, and the bulls were temporarily stagnant. It is expected that there will be a retracement. Pay attention to the MA7 moving average below. If it does not break, it will continue to rise. It is recommended not to enter the market blindly, as the daily level continues to rise.
Although the bulls are strong, do not chase the bulls at high levels. It has just broken through the shock area and is expected to continue. Pay attention to the 3185-3280 pressure area. The idea is to go back to lows and longs first, supplemented by highs.
Operation suggestions:
The four-hour closing line is at 8:00 p.m. If ETH does not break through 3140, go short decisively and target 3070.
BTC is recommended to be high-altitude, short-selling at 51750, with a short-term target of 50700.
