The current currency price is hovering near the 99,000 mark. As for Ethereum, it came under pressure after climbing to a high of 3547 last night and quickly started a correction. Although the market outlook is accompanied by shocks, the currency price has shown a slow downward trend. The big pie still sits firmly at a high level and maintains a consolidation trend. Adhering to the previous thinking, we are still firmly bullish. From a morphological analysis, the current retracement is by no means a reversal signal. The support of 97500 is strong, and the probability of downside in the short term is small. The macro level also shows that the time for a correction is not yet mature and the power of bulls is still significant. Therefore, we will continue to participate in the market with a low long strategy on Thursday morning.
The pie can be over 98,300-98,000, with a target around 100,000
Ether can be more than 3450-3430, and the target is close to 3550
