Weekend liquidity is inherently thin, and combined with the current market digestion period after the Federal Reserve's third rate cut this year, $ETH
Last night saw a sharp decline, and now it has stabilized around 3050.
Current support: 3000–3050. It is likely to hold this range over the weekend, and you can try to go long at lower levels to see the resistance levels at 3150–3200.
Conversely, if there is a sudden surge in volume over the weekend and it breaks below 3000, one must be cautious of further declines to 2850–2900; however, at present, the probability of breaking below is low as there is generally no liquidity over the weekend, and it feels more like a consolidation phase.
Apart from ETH, I want to highlight another currently strongest privacy coin—$ZEC , the undisputed leader in the privacy sector.
The reason for promoting it is actually very simple and straightforward:
1. The high point in November was 650 dollars, and it has retraced over 40%. The adjustment has been very sufficient, and both the chips and sentiments have been cleaned up.
2. Recently, trading volume has been consistently increasing without any decline, and there are clear signs of funds quietly entering the market;
It carries two strong narratives: the king of privacy coins + just completed its first halving, and historically, post-halving increases have been very dramatic.
3. The strongest catalysts are still to come: once the privacy coin ETF is approved, ZEC's compliance and brand advantages will definitely lead to a massive rally.
I will notify everyone about the entry timing at 378 *918 *4734, including specific points and stop-loss/stop-gain strategies; just come find me directly.