$ETH Evening Thoughts:
Looking at the chart: The upward spike on the hourly level of the second token (二饼) looks ugly because it has not broken the high of the left-side spike. Currently, the second token seems to be getting drained by the first token (大饼). The first token is consolidating, and the second token dares not rise. If the first token pulls back, the second token will drop significantly. Now that the first token is rising, the second token also does not dare to follow boldly, with 80% of the funds concentrated on the first token.
The second token can only surge above the spike indicated by the yellow arrow, reaching above 3063. Even if you do not test the resistance at 3108, as long as you break above the highest price of the spike indicated by the yellow arrow and create a higher high, it will be fine. Otherwise, once the first token shows a correction, the corresponding price must break below the integer level of 3000. If the triangle breaks down, the second token will need to retrace to the range of 2966-2936. If it proceeds this way, the second token will struggle to maintain 3000, which would be a failure. Therefore, the second token can only run above 3063; when the first token pulls back, the second token will not break below 3000. Otherwise, if it breaks below 3000, the second token will be in trouble, making it even harder for the second token.
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The second token should break through 3039 with volume and chase long on the right; if it drops below 3030 with volume, chase short on the right. Pay attention to the changes in volume and set good stop-losses.
The second token is expected to stabilize above 3063 and look up at 3108-3151 on the hourly level.
On the 4-hour level, if it breaks below 3007, look down at 2939-2895.
Continue to look at the chart: On the 4-hour level, I hope the arc bottom of the second token completes quickly to let it directly reach above 3155 and oscillate. This way, the downtrend on the 4-hour level of the second token will reverse; otherwise, it will be very dangerous to hang in mid-air at the 4-hour level. Meeting adjourned.
