{What is the situation with Ethereum?}

Now ETH has moved downward into the previous consolidation range

In the previous consolidation range, ETH consolidated for 94 days

before it came out of the previous consolidation range

In this chart, we can see

three data

These can help us look at the market

1. Key range

Last time, the price couldn't go up here

So there was a lot of turnover here

Now the price will go to this place again

This is where many people have made their moves, or where they have made their costs

So it is inevitable that the price will get some support at this position

2. Key trading volume

During the last decline, we found that

the price was at the integer position of 2000 points The position will be supported, and a large number of chips are changing hands at this position. You should know that such a large number of chips and those who dare to sell during the sharp drop are usually big institutions and big players. So it can be said that they are willing to buy. Sorry, no one may sell to you now. 3. There is a trend line above. It has been tested 4 times. Now we can use this trend line + key interval. These two very important positions to test our right side method. When the price is broken by force, it means that these main forces have collected enough. Only then can we enter the market, which can actually save the waiting time. What if there is no breakthrough? Naturally, don’t do it, because we don’t know whether this stage is the bottom of ETH, so if we take the knife now, we can get our hands full of blood. So the best way is to do right-side trading. We will start to act after the price breaks through. Our trading is not predicting the market, but responding. If the price reaches this position, what should I do? What should I do when it reaches another position? Then after reasonable speculation, we can only expect the probability to be on our side.