$ETH Current market status of ETH: Big trend: Bearish
Mid-term: Bottoming out, attempting a bounce; Short-term: Oversold rebound possible at any time. Market sentiment: Cautiously fearful. Recently, ETH has been under pressure multiple times near $2100, even dipping below the psychological level of $2000.
Market mainly influenced by: Fed rate cut expectations fluctuating, global risk events (Middle East situation), ETF capital outflows, BTC outperforming ETH (capital flowing back to Bitcoin).
Key price range (very important): Strong support zone. ① $1900~$2000
This is the most crucial line of defense right now.
Reason: Psychological barrier, previous dense trading range, large funds likely to support; if we effectively break below this: it could accelerate down to $1700, $1500, or even near $1200. The market is already seeing discussions about "deep bear" risks.
Current price allows for light long positions to enter, targeting to see strong resistance below $2030 on the daily chart! Successfully reversed direction yesterday, bagging double profits! $ALLO #ETHPutOptionsUnusualSurge
Mid-term: Bottoming out, attempting a bounce; Short-term: Oversold rebound possible at any time. Market sentiment: Cautiously fearful. Recently, ETH has been under pressure multiple times near $2100, even dipping below the psychological level of $2000.
Market mainly influenced by: Fed rate cut expectations fluctuating, global risk events (Middle East situation), ETF capital outflows, BTC outperforming ETH (capital flowing back to Bitcoin).
Key price range (very important): Strong support zone. ① $1900~$2000
This is the most crucial line of defense right now.
Reason: Psychological barrier, previous dense trading range, large funds likely to support; if we effectively break below this: it could accelerate down to $1700, $1500, or even near $1200. The market is already seeing discussions about "deep bear" risks.
Current price allows for light long positions to enter, targeting to see strong resistance below $2030 on the daily chart! Successfully reversed direction yesterday, bagging double profits! $ALLO #ETHPutOptionsUnusualSurge
