Daily market analysis - $ETH
We use 2 hours as a reference period. Yesterday, we expected the price to drop to the 3120 area, and the actual price touched this range twice, at 3117 and 3118.
Although the price has stepped back on the support level many times, and the high point has shown a trend of gradually falling, this is generally a signal of a weak upward trend. However, as of now, there has been no confirmation that the price has effectively fallen below the 3120 area. If the subsequent price falls below the 3120 area, my personal suggestion is to gradually reduce positions, especially those investors holding long orders. The support level below, I think, is the 2850 area and the 2785 area.
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