#ETH巨鲸增持 Ethereum's current fall is truly relentless, and yesterday's trend completely followed its big brother $BTC all the way down. In the early morning, the price was still hovering around 3040, but suddenly there was a sharp drop, directly sweeping through the psychological barriers of 3000 and 2900. The most exaggerated part was that it once dipped to 2805 before stabilizing. At that time, the market data was so brutal that long positions had basically no power to fight back.
In the afternoon, although there was back-and-forth trading between 2805 and 2850, it seemed like it was about to take a breather. However, in the evening, breaking through again revealed the truth—bears are determined to push downward this time. After failing to hold the line at 2805, the price accelerated downward, hitting a low of 2718, indicating a very weak overall pattern.
From the market data structure, the current area of 2710-2760 is suitable for observing opportunities for the continuation of short positions. If there is a rebound to this position and it remains under pressure, a test of 2660 or even 2600 is possible. If we are more aggressive, from a medium to long-term perspective, 2500 is also not impossible; the key is to see if the main capital's attitude and overall market sentiment can be repaired. $ETH This adjustment indeed needs to be well-timed.
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SnapshotDayLaborer
· 12-01 20:10
Damn, another plummet, this time directly to 2718... Should have closed all positions yesterday.
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OptionWhisperer
· 12-01 20:09
Again falling, it's just being beaten up along with BTC, when will it turn around?
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MoonRocketman
· 12-01 20:02
Once 2805 is broken, don't expect a rebound. This time the short positions have really opened the launch window, so wait for a test of the gravitational resistance level at 2600.
#ETH巨鲸增持 Ethereum's current fall is truly relentless, and yesterday's trend completely followed its big brother $BTC all the way down. In the early morning, the price was still hovering around 3040, but suddenly there was a sharp drop, directly sweeping through the psychological barriers of 3000 and 2900. The most exaggerated part was that it once dipped to 2805 before stabilizing. At that time, the market data was so brutal that long positions had basically no power to fight back.
In the afternoon, although there was back-and-forth trading between 2805 and 2850, it seemed like it was about to take a breather. However, in the evening, breaking through again revealed the truth—bears are determined to push downward this time. After failing to hold the line at 2805, the price accelerated downward, hitting a low of 2718, indicating a very weak overall pattern.
From the market data structure, the current area of 2710-2760 is suitable for observing opportunities for the continuation of short positions. If there is a rebound to this position and it remains under pressure, a test of 2660 or even 2600 is possible. If we are more aggressive, from a medium to long-term perspective, 2500 is also not impossible; the key is to see if the main capital's attitude and overall market sentiment can be repaired. $ETH This adjustment indeed needs to be well-timed.