#加密市场交易趋势# Recently, I have been amazed by the market performance of Ethereum. Since breaking through the consolidation range at the beginning of July, it has surged ahead, rising more than 40% in just a few weeks. This strong pump inevitably reminds me of the crazy bull run from years ago. However, as an old sucker who has experienced great ups and downs, I cannot easily be deceived by the superficial prosperity.



Although the technical aspect looks very strong - high trading volume breaking through resistance levels, clear moving average support, and shallow pullbacks every time - the RSI has already reached the overbought zone at 82. Historical experience tells us that this is often the time when risk is at its highest. New suckers may excitedly shout "going north all the way," but us old hands know that trees can't keep growing to the sky.

The psychological barrier of 4000 dollars is now in sight, and many people might consider it a short-term goal. If it really breaks through, panic buying could push the price even higher. But this is exactly when we need to stay clear-headed - we should be fearful when others are greedy. Instead of chasing the high and taking risks, it’s better to patiently wait for a pullback to the support range of 3300-3500 dollars before considering entry.

Remember, the market is always cyclical. It may seem prosperous now, but there are undercurrents. Stay vigilant and control risks; this is the key to long-term survival in this market. New friends should take it easy and not end up as someone else's suckers.
ETH-5.85%
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