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Good evening everyone, I am your Da Bin teacher
The data for ETH is still quite difficult. After a week of rest last week, Grayscale started a large-scale sell-off again. In addition to Grayscale, there is also Fidelity. Yesterday, Fidelity reduced its holdings of more than 400 BTC, and today it reduced its holdings of more than 4000 ETH. It is estimated that Fidelity's investors are also struggling to hold on.
However, based on the current situation in the United States, it is still relatively stable. Although the tariff negotiations with Europe are not very good, the time is still quite long, and there is enough time to communicate. The focus should be on the GDP data at the end of the month, which may have a greater impact on the market.
We have analyzed the price trend of ETH itself before, and it is very similar to Russell 2000, both of which are concepts of "copycat" leaders. Until liquidity is fully restored, ETH will also find it difficult to break out of an independent market.
What we are looking at in ETH for four hours is a demand for an 8-12 hour pullback, and the overall trend is still in a downward state. Technically, it has entered a bear market stage. Although it has rebounded by 300 points in the short term, it has fallen back under pressure multiple times around 1695, We still need to see if ETH can break out of a strong rebound and stay above 1700. If we stand above 1700, we can see around 1950-2000, otherwise it will lead to a secondary exploration market.
Students looking for opportunities to go long will need to wait for the actual situation after ETH stabilizes at 1700
Operation suggestion:
BTC 83000 is the first target to watch 85000, the second target to watch 86000
ETH 1560 to buy more first goal watch 1620 second goal watch 1660
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Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.
