Ethereum is in a rebound rhythm, and I personally do not recommend shorting at this time, as I have not yet seen a clear signal of a trend reversal in the fall.



1. Although Ether has temporarily left the upward channel, it is more likely due to insufficient liquidity over the weekend. The 3680-3720 range has strong support; this is an important pressure conversion point in the upward wave and a previous area of concentrated positions. As long as it does not effectively fall below this level, the outlook remains bullish.
2. Yuzu Coin has seen funds flowing in from other cryptocurrencies this week, performing relatively well. It is currently in a rectangular consolidation pattern, with the lower boundary tested multiple times last night without breaking down, and it has now initiated a rebound.
3. YouToken can consider opening a long position at the lower boundary of the rectangle, shorting if it falls below for a breakout, and attempting to short at the upper boundary, going long if it breaks above.
4. It is recommended to open long positions in the support range of 3680-3730 for Ether, and short positions can be attempted at the lower boundary of the ascending channel. If it breaks below the lower boundary and then returns to the channel, the target will be the upper boundary of the ascending channel.
ETH3.32%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)