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Ethereum has not broken above 2750; after falling below 2700, expect continued sideways trading Bearish bias This is how sideways markets work Don’t hold out—don’t hesitate If the momentum is wrong, you need to change direction In the Binance chat, brothers—welcome, let’s work hard together If you’re free, DM Big Brother Qiang and chat
Tonight, it’s a lucky streak from SanDisk— We’ve nailed it precisely. More is better—just go all in. Welcome everyone to join the Binance chat room. Brothers, go for it!
Tonight live stream outline Ethereum is once again attempting to break the 2750 resistance level At this time, there wasn’t a quick sell-off reaction Instead, it went into a sideways consolidation This time, I’m no longer looking for high-level range-bound consolidation Rather, Ethereum has the potential to break through the 2750 resistance and push to new highs During the live stream, I chose to go long Ethereum at 2723 Stop loss at 2700
Brothers, during the night livestream, I added 100 ETH on Ethereum at 2690. It’s a bit unfortunate about SanDisk being hit and damaged. Same as before— here, we’re seeing high-level consolidation and range-bound movement. Most likely, that’s the big dog dealer tricking the longs into getting on the bus. Right now, Ethereum has a strong need for a pullback.
For the downside, first look at 2600 for take profit, then the second level at 2490 for take profit.
Follow the leader of the air force—this time, it’s definitely going to work out and pay off.
Fight again for the first shot When Ethereum was above 2750, I started calling for shorts and laid out short positions—I kept holding until now.
The first resistance above Ethereum is also at 2750. The second resistance is the prior high at 2807. During the Mid-Autumn Festival period, it has continued to form a high-level consolidation and sideways range.
When the market consolidates at high levels, it usually means two things: 1. Building momentum and preparing to surge again to set a new high. 2. The long side takes profits; the positions change hands and the price starts to fall.
My personal feeling is the latter—the likelihood of a drop is very high. This is the last chance for the long bulls to run for safety.