$ETH Short-term oscillation and washout—only in the evening will the real direction be chosen!🔥
Lao Lin’s market watch: ETH yesterday formed a strong bullish candle that broke through resistance directly, with the high reaching around 1946. But after pushing up, it didn’t continue with volume breakout—instead, it entered a sideways consolidation. Currently, price is around 1920. In the short term, bullish momentum seems to be weakening, and the 1930–1940 zone is clearly a resistance area.
On the smaller trend, Lao Lin is leaning bearish. There may be one more pullback action in the short term. Pay close attention to support at 1910–1900. If it breaks below 1910, it could easily test the 1885 area next, washing out chasing long positions. The main force really likes this kind of move: push the price up, consolidate sideways, then insert spikes up and down to harvest.
However, on the bigger trend, Lao Lin still sees the market as bullish—especially focusing on capital performance after 8 PM tonight. If the pullback doesn’t break below 1900, and price reclaims and holds above 1930, ETH will most likely challenge the previous high near 1946 again. After a breakout, the target would be 1980–2000.
Right now, the market is a classic case of “a washout is not distribution.” Let the short-term bears grab a bit of profit—what really matters for the bigger swing is still bullish. Don’t get scared off by a few candlesticks. Before the main force rallies, they often shake out the uncommitted holders first.🚀 If you haven’t followed Lao Lin yet, hurry up—don’t miss it. #亚洲半导体股下跌SK海力士跌超9% #Stripe与Advent拟530亿美元收购PayPal
Lao Lin’s market watch: ETH yesterday formed a strong bullish candle that broke through resistance directly, with the high reaching around 1946. But after pushing up, it didn’t continue with volume breakout—instead, it entered a sideways consolidation. Currently, price is around 1920. In the short term, bullish momentum seems to be weakening, and the 1930–1940 zone is clearly a resistance area.
On the smaller trend, Lao Lin is leaning bearish. There may be one more pullback action in the short term. Pay close attention to support at 1910–1900. If it breaks below 1910, it could easily test the 1885 area next, washing out chasing long positions. The main force really likes this kind of move: push the price up, consolidate sideways, then insert spikes up and down to harvest.
However, on the bigger trend, Lao Lin still sees the market as bullish—especially focusing on capital performance after 8 PM tonight. If the pullback doesn’t break below 1900, and price reclaims and holds above 1930, ETH will most likely challenge the previous high near 1946 again. After a breakout, the target would be 1980–2000.
Right now, the market is a classic case of “a washout is not distribution.” Let the short-term bears grab a bit of profit—what really matters for the bigger swing is still bullish. Don’t get scared off by a few candlesticks. Before the main force rallies, they often shake out the uncommitted holders first.🚀 If you haven’t followed Lao Lin yet, hurry up—don’t miss it. #亚洲半导体股下跌SK海力士跌超9% #Stripe与Advent拟530亿美元收购PayPal