It is easy to see a trend change here. It has already been the 9th week since it came above 1750, and the turning point on the 4-hour chart is basically here as well. At the end of the week, with the Iranian-American negotiations as this "lead", if a change is to happen, it will be a big variable! Note the risks! #eth $ETH
Yesterday morning, Iran signaled a willingness to end the conflict "under guaranteed conditions," briefly warming risk appetite and leading to a noticeable short squeeze in the market; however, this morning Donald Trump's statement denying any withdrawal plan quickly reversed risk sentiment, putting pressure on risk assets. It can be seen that the current market is still in a tug-of-war in the face of sudden events. Structurally, the rebound of Ethereum since Monday has just touched the 50% retracement level of the previous downward wave, which is a typical "technical repair upper limit." Against the backdrop of renewed risk sentiment, the significance of this pressure point is further amplified, making the market more inclined to return to its original weak downward rhythm. Key support below focuses on the 2020 level. Once effectively broken, it is necessary to be wary of the risk of a retest of the short-term low, which also means that in the process of continuing the downward trend, rhythmic participation opportunities will gradually become apparent. $ETH #ETH
Little Te said he won't come until mid-May, the missiles are expected to fly for a while longer, and risky assets will continue to be under pressure, with U.S. stocks and the cryptocurrency market being the most affected. Wake up, my dear ones.
January 21 ETH update, the core objectives from yesterday have been completed. Emotions have been released, leverage has been cleared, and hesitant traders have been forced to make their positions known. Those who needed to leave have basically all left. If you look at today's state, it is gradually pulling back up. What really needs to be cautious is that many people are still stuck in yesterday's panic, and their reaction to the upcoming market will be noticeably slower. During such times, the market often does not provide much preparation time. #eth $ETH
January 15 update, if you saw your heart race at 3403 last night and chose to exit the roller coaster, you must be feeling very uncomfortable about 3310 right now. $ETH $BTC
During this period, the norm is median fluctuations, higher new highs after equal peaks, and lower new lows after equal troughs, which means opportunities on both sides, basically no major issues! Steady accumulation before next week!
On December 5th last year, it first hit the integer threshold of 100,000, and then adjusted within the range of 100K➕➖10K for nearly 3 months, before significantly retracing nearly 30,000 points. After a month of adjustment, it began to start up again. This is the market situation around the New Year last year! Do you see how similar it is to the past now? $BTC #btc
The inflow and outflow of Bitcoin on exchanges has shrunk to the extreme! The last time it was this quiet was in August-September of this year, which coincided perfectly with the market turning point.
Happy Winter Solstice! ETH is at a crossroads in the market; make sure to choose your side, as in a few hours there may be no chance to get on the bus. #ETH走势分析 #ETH $ETH