In the last report, we thought it would continue to rise after a minor pullback. Surprisingly, two days into the pullback, the price continue to pump. According to the characteristics of the ETH bullish channel last year (gray area),when the bulls maintain their strength and bears increased, there will be a callback. But it does not prevent the continuation of the rise. In fact, there is also a callback signal now.
Conclusion: Mostly rising, and there may be a callback. This time we put resistance at 3570, which is not a strong resistance level. Strong bullish trend always have adequate pullbacks. We raised support to 3290, and subsequent pullbacks are unlikely to fall below this level.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Conclusion: Mostly rising, and there may be a callback. This time we put resistance at 3570, which is not a strong resistance level. Strong bullish trend always have adequate pullbacks. We raised support to 3290, and subsequent pullbacks are unlikely to fall below this level.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
