$ETH Weak rebound— is now a good time to short?
Since Binance was hacked, Ethereum has been steadily declining. Looking at the charts, after a slight rebound, Ethereum failed to sustain its upward momentum and instead began to pull back. On-chain data also shows significant outflows. On top of that, the nearly 460,000 ETH held by the hacker is a ticking time bomb. If the hacker sells off a large amount of tokens at once, Ethereum is very likely to face renewed selling pressure. So my trading plan is: short at the current price of 2223, with a target of 2200.
【The views above are for personal reference only and do not constitute investment advice】
#Strategy旗下STRC165天来首次升至99.95美元 $BTC
Since Binance was hacked, Ethereum has been steadily declining. Looking at the charts, after a slight rebound, Ethereum failed to sustain its upward momentum and instead began to pull back. On-chain data also shows significant outflows. On top of that, the nearly 460,000 ETH held by the hacker is a ticking time bomb. If the hacker sells off a large amount of tokens at once, Ethereum is very likely to face renewed selling pressure. So my trading plan is: short at the current price of 2223, with a target of 2200.
【The views above are for personal reference only and do not constitute investment advice】
#Strategy旗下STRC165天来首次升至99.95美元 $BTC
