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Bitcoin is around 2250, clearing out positions, with the bamboo shoots taking 2290. The target is to see 2200/2075
Ethereum today followed suit, surged to 2270, but the volume couldn’t keep up
The divergence between volume and price is very obvious, and the technical side is also severely overbought
It’s clear that the ceasefire firepower is good and has already been realized; the foundation for the rise is starting to loosen
Although there’s been a two-week ceasefire, the fundamental contradictions between both sides haven’t been resolved, and the probability of a negotiation breakdown is not low
Now the market’s positioning is all tangled up—prices have gone up, but the volume hasn’t kept up at all
When there’s a volume-declining rebound, chasing it is the fastest way for newbies to get cut
The 2000 level is a dense orange-book area of 3.5 million ETH—an impenetrable psychological line for countless people
Once this position is lost, below it is an open plain of sell pressure: 1740 and 1560, smashing down layer by layer
#ETH