Currently in the market, ETH's early Long Wick Candle nearly fell below the 3000 mark. In terms of market sentiment, with the start of Monday and the weekly close, the overall price drop has led to increasingly poor investor sentiment. I see that the fear index published by various institutions has reached an alarming high, and the current fear value is already at its lowest point in 2025. At that time, the trend slightly corrected for long positions. Looking at the hourly level, the trend is operating within the resistance zone of the middle band of the Bollinger Bands, with attention on the position of 3150 today. If it cannot stabilize on an entity basis, we will continue to look for a follow-up pullback.
ETH: 3154 short, looking down at 3054. Defend at 46 points #BTC #ETH
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.
Currently in the market, ETH's early Long Wick Candle nearly fell below the 3000 mark. In terms of market sentiment, with the start of Monday and the weekly close, the overall price drop has led to increasingly poor investor sentiment. I see that the fear index published by various institutions has reached an alarming high, and the current fear value is already at its lowest point in 2025. At that time, the trend slightly corrected for long positions. Looking at the hourly level, the trend is operating within the resistance zone of the middle band of the Bollinger Bands, with attention on the position of 3150 today. If it cannot stabilize on an entity basis, we will continue to look for a follow-up pullback.
ETH: 3154 short, looking down at 3054. Defend at 46 points #BTC #ETH