8.4 Ethereum Afternoon Analysis

The analysis of Ethereum $ETH seems to be of more interest to everyone.

A few days ago, there were some discrepancies in opinions about Ethereum. After the first wave hit around 3430, it bounced back to 3480, which indeed could have been profitable. Those who didn't take profits in time might end up breaking even or hitting stop losses.

The trend of Ethereum is actually not much different from expectations. Initially, I thought Ethereum wouldn't hit a lower point again, staying around 3430, but unexpectedly, Ethereum dipped down quite a bit, reaching a low around 3350. This move might shake off many investors, and even some might want to chase short positions seeing such a drop in Ethereum [sad face], which is the psychology that the market makers play with.

The resistance above is still the range I mentioned last time, 3560-3580. Today, it also reached 3575 before falling. Ethereum's fluctuations are quite large, making it a bit difficult to navigate perfectly!

For intraday trading, one can consider going long around 3480 and short around 3580! (Fluctuation range of 10-20 points) #以太坊ETF连续12周净流入