This wave of ETH rose from 2435 to 2662. In 7 days, the increase is nearly 5%, and over 30 days, it has gained 17% in total. The larger-term trend remains intact.
However, the short-term market action is already a bit too hot: indicators are overbought, and the rise is happening on decreasing volume. The risk of a pullback after pushing higher is increasing.
Whale accounts have relatively heavy long positions. On one hand, there is capital propping up the market, supporting the price action; but on the other, you need to stay alert—once the market starts to pull back, the volatility from a concentrated liquidation/trampling by long positions could be extremely intense.
$ETH $BTC #以太坊重回2600美元
However, the short-term market action is already a bit too hot: indicators are overbought, and the rise is happening on decreasing volume. The risk of a pullback after pushing higher is increasing.
Whale accounts have relatively heavy long positions. On one hand, there is capital propping up the market, supporting the price action; but on the other, you need to stay alert—once the market starts to pull back, the volatility from a concentrated liquidation/trampling by long positions could be extremely intense.
$ETH $BTC #以太坊重回2600美元
