Jincai Talks about Coins: Ethereum's pressure is still there, so wait for the retracement and support for the downward trend, and wait for the bottom support to rebound and rise!

Every day, personal suggestions will be posted in the live trading group, grasp the key points, control the position, and follow the trend, mainly focusing on spot, contracts, skilled in trend layout, focusing on short-term wave operations, medium and long-term trends, daily, weekly, and monthly trend top and bottom predictions!

Click to watch the video: Jincai Talks about Coins: Ethereum's pressure is still there, so wait for the retracement and support for the downward trend, and wait for the bottom support to rebound and rise!

The market of Ethereum also successfully retraced to the support at 2870 and rebounded yesterday. The layout of the market yesterday also mentioned that the support below is at 2880-2900. After the retracement support, we can look for a rebound and rise. The market also proceeded as expected, rebounding from the support below and breaking through the 3000 level. Everyone should grasp the overall market range. The current intraday market is gradually moving upwards with the support of MA5 below the daily line, but the intraday chart indicators are still in a high-level overbought state. There is still significant pressure on the short-term upside. To continue the breakthrough, we still need to wait for a short-term retracement correction before considering an upward movement. The support below is around 2910-2930. If the short-term retracement support holds, we can consider an upward movement. If the support below does not hold, further support is at 2600-2580. Currently, it is in a high-level back and forth, and the pressure near 3100 is still significant. If the pressure here cannot be broken, do not blindly continue to look for new highs. It is still cautious, waiting for support before considering an upward movement!

The market fluctuates quickly. Due to the impact of review timeliness, for the subsequent market trends, real-time layout in the live trading group is the main focus, and the suggestions are for reference only!

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