Recently, some people have asked whether Ethereum's second-layer network has value and whether OP will continue to fall.
Recently, many currencies have stopped falling and started to rise slowly. BTC halving has been completed, and the story of BTC is about to come to an end. Next is the story of ETH.
After the Cancun upgrade, many people believe that the performance of the second-layer network is not satisfactory and are pessimistic about its prospects. The reason why these investors are not optimistic about the second-layer network is that they fail to understand the long-term benefits that the second-layer network brings to the entire industry.
In the currency circle, price increases are not always good, and it may just be the result of hype; similarly, price non-increases do not necessarily mean bad, and it may just be a wash. It is important to distinguish truly valuable assets.
The most taboo in trading is to follow the trend, and to maintain an objective and rational attitude.
The second-layer network has long-term benefits for the Ethereum network. This benefit takes a certain amount of time to release, but it is of great value to the entire industry and cannot be measured by short-term ups and downs.
Now let's analyze the short-term market of OP in detail:
1. The high and low points of the four-hour trend continue to move up, which belongs to an upward trend.
2. It broke through the bottom shock and formed a rectangular shape.
3. In the rectangular pattern, the amount of short-term callback is shrinking, while the amount of long-term is increasing, short-term is weakening, and long-term is strengthening.
4. The previous four-hour K-line broke through the rectangular interval with large volume. Although the breakthrough is not large, it is of great significance in the upward trend.
5. The Bollinger track has been running between the middle and upper tracks.
In summary, OP is currently in an upward trend, the short-term force is weakened, the long-term is strengthened, and it has broken through the rectangular pattern, indicating that there may be a good market in the future.
However, it should be noted that the four-hour market fluctuates rapidly, and short-term operations should stop profits in time, do not be affected by greed, and stop losses in time to protect the utilization rate of funds, otherwise the meaning of short-term operations will be lost.
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