ETH completely follows our plan. In the short term, longs are still the main focus. Yesterday, when it was at 2244U, I discussed the short-term outlook continuing to rise.
Today it has reached 2350—already up by 100 points. After holding steady, it has started a spiral upward. There are currently no signals of any change in trend, and no indication of a top. However, it has come to a key resistance line area around 2400. Longs can continue taking profit partially or fully, as you see fit.
Yesterday, I also analyzed for everyone: 2400 is clearly the boundary between bull and bear. If it breaks through and holds, the bull market is underway. If it pulls back, it will likely turn into choppy weakness with more sideways/downward movement.
Now we’ve started the first wave of impact from 2350 to 2400, which is a strong resistance zone. This area may be the key level we watch for the long term.
For those who haven’t taken profit on longs yet, you can take profit appropriately. Wait for the moment when a trend-change signal appears, and then make your move.
#ETH $ETH
Today it has reached 2350—already up by 100 points. After holding steady, it has started a spiral upward. There are currently no signals of any change in trend, and no indication of a top. However, it has come to a key resistance line area around 2400. Longs can continue taking profit partially or fully, as you see fit.
Yesterday, I also analyzed for everyone: 2400 is clearly the boundary between bull and bear. If it breaks through and holds, the bull market is underway. If it pulls back, it will likely turn into choppy weakness with more sideways/downward movement.
Now we’ve started the first wave of impact from 2350 to 2400, which is a strong resistance zone. This area may be the key level we watch for the long term.
For those who haven’t taken profit on longs yet, you can take profit appropriately. Wait for the moment when a trend-change signal appears, and then make your move.
#ETH $ETH
