Ethereum, the current price is above 2660. The long order was just a bit short of reaching the target level. The original plan for the target was the 2780–2800 range, but considering that this wave of acceleration has already completed.
Also, there is a pressure line on the weekly timeframe that needs attention. So the long position has already been fully closed to take profit. At around 2725, I entered a short position with the initial tranche. Even if there is another acceleration wave, the intensity probably won’t be too strong. I’m going to try to test the top—this is also to verify my judgment. If my prediction is correct, at least there should be an acceleration followed by a pullback. I’ll update the target and pattern analysis afterward.
Also, there is a pressure line on the weekly timeframe that needs attention. So the long position has already been fully closed to take profit. At around 2725, I entered a short position with the initial tranche. Even if there is another acceleration wave, the intensity probably won’t be too strong. I’m going to try to test the top—this is also to verify my judgment. If my prediction is correct, at least there should be an acceleration followed by a pullback. I’ll update the target and pattern analysis afterward.
