$ETH Two biscuits: judging from the three-day moving average line, the RSI is severely overbought, and the price has surged so much. Take a careful look—the volume that came in on the rise isn't actually that big. It's mainly because the move is too fast: in just two or three days, it has already played out what would normally take a month or even two months. Could it really be entering a super cycle that won't come down again? A big rally must have a big pullback. The safest approach is the official website—sit back and watch the battle unfold!
On Saturday and Sunday, if it consolidates at a high level, it's likely to drop. If it only pulls back slightly, it's likely to continue rising and hit 2750, which is the strong resistance. When the market is bullish, it means more and more people are willing to take over at high levels and absorb the selling pressure. But if it reaches a certain level and keeps failing to break through, it will definitely come down!
On Saturday and Sunday, if it consolidates at a high level, it's likely to drop. If it only pulls back slightly, it's likely to continue rising and hit 2750, which is the strong resistance. When the market is bullish, it means more and more people are willing to take over at high levels and absorb the selling pressure. But if it reaches a certain level and keeps failing to break through, it will definitely come down!