At 12:42 PM, ETH current market analysis

Large, medium, and small cycles are all slightly bearish in sync. The market is on the night before a breakout. On-chain data shows Ethereum network activity is approaching its historical high (780,000 daily active addresses, 255,000 new addresses per day). There is a clear contrast between strong long-term fundamentals and weak short-term prices. The best strategy right now is mainly to wait and observe, and wait for a direction to be chosen. High short positions are better than low long positions.

Copy-trade recommendation: Graduate student at Beijing University of International Business and Economics
The ten-thousand-times myth is officially here—let’s witness ten-thousand-times returns together.

Reference Short: 2223 ——— 2239 (prefer to trade)

Reference Long: 2116 ——— 2098 (light position)

ETH resistance levels above

First resistance: around 2223 (28% probability of breakout)

Second resistance: around 2239 (17% probability of breakout)

Third resistance: around 2264 (9% probability of breakout)

Fourth resistance: around 2299 (4% probability of breakout)

ETH support levels below

First support: around 2171 (72% probability of breaking down)

Second support: around 2146 (68% probability of breaking down)

Third support: around 2116 (42% probability of breaking down)

Fourth support: around 2076 (25% probability of breaking down)
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