$ETH Evening Ethereum Market Analysis!!!
Ethereum has continued to weaken over the past two days, with its price falling from 2,725 to around 2,525. Support levels keep getting lower. Although there have been several rebounds along the way, they have lacked strength and prices have quickly been pulled back down. The overall trend is clearly weak. The main reasons for this downturn are seven consecutive days of net outflows from spot ETH funds and BlackRock selling off. The key point now is that U.S. stock markets haven’t opened yet, and prices have already taken a hit. If the Nasdaq and S&P 500 continue to weaken after the U.S. markets open, another downtrend could begin. $ZEC
Personal suggestion: At the current price of 2,538, consider entering a short position and targeting 2,500.
Brother Jie will continue positioning in major cryptocurrencies and some promising altcoins. If you still don’t have a clear direction, I’ll share specific trading ideas in real time in the chatroom! $OGN
#DOGE原型柴犬KABOSU去世 #Fatihcoşar
Ethereum has continued to weaken over the past two days, with its price falling from 2,725 to around 2,525. Support levels keep getting lower. Although there have been several rebounds along the way, they have lacked strength and prices have quickly been pulled back down. The overall trend is clearly weak. The main reasons for this downturn are seven consecutive days of net outflows from spot ETH funds and BlackRock selling off. The key point now is that U.S. stock markets haven’t opened yet, and prices have already taken a hit. If the Nasdaq and S&P 500 continue to weaken after the U.S. markets open, another downtrend could begin. $ZEC
Personal suggestion: At the current price of 2,538, consider entering a short position and targeting 2,500.
Brother Jie will continue positioning in major cryptocurrencies and some promising altcoins. If you still don’t have a clear direction, I’ll share specific trading ideas in real time in the chatroom! $OGN
#DOGE原型柴犬KABOSU去世 #Fatihcoşar