$ETH Countdown to the U.S. stock market open! Brother Chuan is keeping a close eye on the 2,600 level tonight!
There are only 10 minutes until the U.S. stock market opens. Ethereum made another push this afternoon, but turned back down after reaching around 2,575. Looks like this resistance overhead is no easy level to break! Looking at liquidations, this rebound has already put quite a few short sellers through the wringer; meanwhile, bulls who entered around 2,405 earlier may be starting to think about taking profits. Now we’ll see whether buying pressure can keep up after the U.S. market opens! Brother Chuan’s key level to watch tonight: around 2,600. If ETH breaks through on strong volume and holds above it, the bulls will have more confidence. As for trading, Brother Chuan would rather watch and wait than rush in right at the open. If ETH makes another attempt at 2,600 and fails, with clear signs of weakness, you could cautiously look for short-term shorting opportunities. If it breaks through decisively and holds, don’t stubbornly go short and fight the market!
Things are about to get lively, folks—don’t get carried away with the excitement; make a plan first. If you want to hear Brother Chuan’s take on what comes next and which key levels to watch, come join the chatroom! #EthereumSpotETFsSee$542MNetOutflowLastWeek
There are only 10 minutes until the U.S. stock market opens. Ethereum made another push this afternoon, but turned back down after reaching around 2,575. Looks like this resistance overhead is no easy level to break! Looking at liquidations, this rebound has already put quite a few short sellers through the wringer; meanwhile, bulls who entered around 2,405 earlier may be starting to think about taking profits. Now we’ll see whether buying pressure can keep up after the U.S. market opens! Brother Chuan’s key level to watch tonight: around 2,600. If ETH breaks through on strong volume and holds above it, the bulls will have more confidence. As for trading, Brother Chuan would rather watch and wait than rush in right at the open. If ETH makes another attempt at 2,600 and fails, with clear signs of weakness, you could cautiously look for short-term shorting opportunities. If it breaks through decisively and holds, don’t stubbornly go short and fight the market!
Things are about to get lively, folks—don’t get carried away with the excitement; make a plan first. If you want to hear Brother Chuan’s take on what comes next and which key levels to watch, come join the chatroom! #EthereumSpotETFsSee$542MNetOutflowLastWeek