Breaking this down:
① What happened: Daily trading volume on a certain exchange’s Chain fell 42%, and on-chain activity continues to cool.
② Why it matters: The news is bearish, and sentiment and leveraged funds are the first to be affected. The key thing to watch is whether selling pressure is released all at once or builds gradually.
③ What I’ll watch: How well prices are supported near key levels, and how the market moved the last time something similar happened.
④ What I’ll do: I won’t rush to buy the dip. I’ll wait for selling pressure to clear and for the candlesticks to stabilize before reassessing.
In trading terms, $ETH is currently at 2494.35, up 0.25% over 24h, with an intraday range of 2474.34–2520.54.
The price has already digested the news, so the secondary reaction isn’t very strong. Which way are you leaning? Let me know.
#ETH
The above is a summary of publicly available information. Please verify it yourself.
① What happened: Daily trading volume on a certain exchange’s Chain fell 42%, and on-chain activity continues to cool.
② Why it matters: The news is bearish, and sentiment and leveraged funds are the first to be affected. The key thing to watch is whether selling pressure is released all at once or builds gradually.
③ What I’ll watch: How well prices are supported near key levels, and how the market moved the last time something similar happened.
④ What I’ll do: I won’t rush to buy the dip. I’ll wait for selling pressure to clear and for the candlesticks to stabilize before reassessing.
In trading terms, $ETH is currently at 2494.35, up 0.25% over 24h, with an intraday range of 2474.34–2520.54.
The price has already digested the news, so the secondary reaction isn’t very strong. Which way are you leaning? Let me know.
#ETH
The above is a summary of publicly available information. Please verify it yourself.