Changlu Talks Coin: Ethereum is up by 1.10%, pay attention to the ETF review results in the early morning.

CN
9 months ago

On the previous trading day, the Ethereum market saw significant fluctuations, starting near 2360 in the morning and experiencing an overall downtrend. In the evening, it began oscillating around the 2217 mark, and in the early hours of today, the market saw a substantial rebound following the release of news from the SEC on Twitter, with Ethereum reaching a high point of 2400. As the SEC's ETF review date approaches, the market is showing significant volatility, so everyone must be cautious.

Yesterday, Changlu provided a short-selling strategy in the morning, combined with a long position mentioned in the video. Friends who followed the operations saw gains in both long and short positions.

Ethereum Market Analysis: As the ETF review date approaches, the market's fluctuations are becoming more pronounced. This morning, a false news tweet caused a sharp rise in the market, followed by a retracement after the rumor was debunked. However, Ethereum showed a trend of making up for the decline, just now rebounding near the daily resistance at 2400 and then falling back. Yesterday, it formed a long lower shadow hammer line, and attention can be paid to the support near the monthly resistance at 2350 below. The trend of just now piercing the high point of 2400 and then retracing can be closely monitored for the results of the ETF review in the early hours today.

4-hour chart: Yesterday, it rebounded from the downtrend line below, as mentioned by Changlu in the video. Attention can be paid to the support near the Fibonacci retracement line at 0.5, around 2250, below. It was unexpected that it would reach near 2217, and after the rebound, it broke through the suppression of the downtrend line above. Just now, it reached the retracement near the upward trend at 2400, and attention can be paid to the support near the Fibonacci retracement line at 0.786, around 2355, below. If it falls below, continue to watch for a retracement in the market. Changlu recommends focusing on retracement in today's operations, and everyone must use stop-loss when operating, as extreme market conditions may arise with the arrival of ETF news. Use stop-loss to aim for big gains with a small investment.

Operation Suggestions: Real-time strategies are provided.

Reminder: The strategy is for reference only. Use stop-loss and take-profit, set take-profit targets and move stop-loss to protect profits while avoiding excessive profit loss.

The cryptocurrency trading market is always in full swing. It is everyone's common wish to seize the opportunity and get a share. Please believe that "the only thing missing between you and financial freedom is a long road." With Changlu's guidance, you will definitely achieve your cryptocurrency wealth dream faster and more steadily.

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