In today's morning session, looking at Ethereum, consider entering a long position around 2990. If it pulls back to the 2960-70 range, add another position. 2950 is a key support level; if it breaks, then stop loss.
The sharp drop in the morning session was actually not driven by any substantial negative news, and there is unlikely to be a one-sided market before the U.S. stock market opens. The support level at 2950 has become a market consensus, so it can be tested in the short term. Bitcoin follows a similar logic— as long as it holds the 90,000 defense line, it can also be bought, with a stop loss set at 89,000.
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SchrodingersFOMO
· 8h ago
I've been eyeing this point at 2950 for a long time, but I haven't dared to enter a position yet. I'll wait and see how the US stock market plays out.
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CryptoHistoryClass
· 12-01 00:36
ah yes, the classic "market consensus support level" play... statistically speaking, this is exactly how 2017 played out before the wick down to $130 on finex. those support levels? they're just psychological comfort blankets until they're not.
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RugPullAlarm
· 12-01 00:33
Speaking of the support level at 2950, is it really consensus? I checked the on-chain data, and the large investors' addresses are frantically buying in the range of 2960-70. This technique seems a bit familiar... The last time the capital concentration was this high was the night before that rug pull project.
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All-InQueen
· 12-01 00:33
Is 2950 really that stable? I thought the same yesterday and it just broke through.
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UnluckyMiner
· 12-01 00:29
What should we do if 2950 breaks? This support level feels more and more weak.
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gas_fee_therapist
· 12-01 00:25
If 2950 breaks, I will accept the loss. This wave is actually a bit precarious... Market consensus and the like are the easiest to be slapped in the face.
#ETH走势分析 $BTC $ETH
In today's morning session, looking at Ethereum, consider entering a long position around 2990. If it pulls back to the 2960-70 range, add another position. 2950 is a key support level; if it breaks, then stop loss.
The sharp drop in the morning session was actually not driven by any substantial negative news, and there is unlikely to be a one-sided market before the U.S. stock market opens. The support level at 2950 has become a market consensus, so it can be tested in the short term. Bitcoin follows a similar logic— as long as it holds the 90,000 defense line, it can also be bought, with a stop loss set at 89,000.