The sharp rise in ETH is entirely stimulated by the news. The SEC accepted ETH's ETF application, but the acceptance failed. Therefore, the good news will be implemented, and the market trend in the later period will be weaker than that of BTC.
On the daily chart, pay attention to the current key resistance of 1750 and the maximum resistance area of 1800-1820 above.
1655 below cannot fall below, this is the last defensive zone for bulls
15-minute microstructure. Pay attention to whether it breaks through the descending channel to test 1750 to form a double top or continues to break through 1750. If there is a double top, you can go short. It is not recommended to do a long order on the breakthrough.
For long orders, it is best to call back the lower demand area, and it will be more comfortable to hold the position.
On the daily chart, pay attention to the current key resistance of 1750 and the maximum resistance area of 1800-1820 above.
1655 below cannot fall below, this is the last defensive zone for bulls
15-minute microstructure. Pay attention to whether it breaks through the descending channel to test 1750 to form a double top or continues to break through 1750. If there is a double top, you can go short. It is not recommended to do a long order on the breakthrough.
For long orders, it is best to call back the lower demand area, and it will be more comfortable to hold the position.
