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- 🚀 Gate Square Event: #GateNewbieVillageEpisode8
👤 Featured Creator: @ybaser
💬 Trading Quote: The market tests you, but panic is the only real loss.
Share your trading journey | Reflect on your strategy | Grow with the Gate Family
⏰ Event Time: Nov 26 04:00 – Dec 3 16:00 UTC
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The maximum pressure for ETH in the short-term is between 4380-4440. There has been no breakthrough in this area from last night to this morning, indicating that it has fallen out of the range. The drop point started yesterday at 4532 at 7:00 AM, and this morning at 6:30, the highest reached was only 4386, which is 146 points lower than yesterday morning's high. The three weak supports below 4380 are: 4336, 4280, and 4228, all of which were reached yesterday. Therefore, this wave today will inevitably break 4228, with the low expected to be in the range of 4172-4080. Within this range, 4150-4112 is a strong support, and 4072 is a barrier above 4k, which are all good points for buying. As long as the long positions hold on a bit, it will basically rebound directly above 4336. The pace is very quick. Short orders need to take profit in advance and then buy the dip in the short term.