The decline of Ethereum has approached 3, and the principal loss can be covered $ETH
ETHUSDT
Perp
2,055.99
+13.12%
Post
Ethereum Perspective: Reference 4H
The trend of Ethereum is relatively weak compared to Bitcoin. It touched the previous low in the early morning, held and rebounded, but the rebound strength is also very weak,
Subsequently, pay attention to the upper range of 2935-2965. If the subsequent rebound can return to this range, there is still hope to retest the 3050 area,
If it fails to return to 2935-2965 and instead faces resistance, then it would be a good short position. This is not only the POC position but also the Fibonacci 0.618 of this segment $ETH
{future}(ETHUSDT)
The trend of Ethereum is relatively weak compared to Bitcoin. It touched the previous low in the early morning, held and rebounded, but the rebound strength is also very weak,
Subsequently, pay attention to the upper range of 2935-2965. If the subsequent rebound can return to this range, there is still hope to retest the 3050 area,
If it fails to return to 2935-2965 and instead faces resistance, then it would be a good short position. This is not only the POC position but also the Fibonacci 0.618 of this segment $ETH
{future}(ETHUSDT)
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