The "bad girl" returns home From the structure of Ethereum, the daily chart shows three consecutive main rises, with the exchange rate breaking through and rising unilaterally by 35% (from 1800 to 2620). This was followed by continuous 4-hour fluctuations. Last night, it was predicted to adjust down to 2380 from 2550, with the lowest price dropping to 2406. Currently, Ethereum has shown the first daily stagnation in growth and the first 4-hour pullback structure! Judging from the wide structure VOL, the dense area of Ethereum's trapped selling pressure chips is 2280-2730, with the chip density most concentrated at 2400-2600! From the perspective of the pull-up trend structure, the main force has isolated the chip structure below 2000 on a large scale, and those who bought at the bottom have basically changed hands. Currently, the focus is on position turnover and forcing trapped positions to change hands! The "bad girl" returns home and reforms structure. Ethereum's performance in the past week has made the market feel that the "bad girl" has officially reversed. The fundamental reason is that, as expected, Ethereum's breakthrough has brought a wave of general rising trend, and this sentiment has been released! Wide structure In the large amplitude range of 2280-2660, the rising right shoulder box is likely to form, in my opinion! In the short term, it is estimated that it will fluctuate around this box, with the inner box at 2380-2565 and an extreme pullback to 2280 being less likely! Operational advice is to make swings around this range! In the next two days, the market will undergo sedimentation and differentiation after the rise. I personally believe that after strong turnover in the dense chip area and wide consolidation, the market still has an expected upward cycle! Mainly focusing on range trading!
Analyzing Ethereum! Collection 11111111 The last analysis captured Ethereum's rise, from 1800 (Ethereum love me again) to the current high of 2600 Next scenario: (Heartbreaker returns home)
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