#加密市场回调 Speaking of $ETH, the current position is actually quite delicate. Do you remember the big dump on October 11th? The rise trend on the daily chart was directly interrupted. At that time, I was thinking that if it could pump back above 4250, it would definitely be a good time for shorting - and as you can see, it later peaked at 4290 and then stalled.

The subsequent trend is more interesting. The position at 3700 has been repeatedly oscillating, and the bulls have tried several times but couldn't hold it. In the end, it broke down all the way to 2600. This position is very critical now: the former support has turned into resistance. If you ask me, if it can rebound to around 3600-3700 later, it will be another good shorting opportunity.

From a short-term perspective, there may be a second pullback in the range of 2650-2750, forming a double bottom structure before moving up. If it really falls back into this range, I would consider bottom fishing to go long. But to be honest, to see a real trend reversal, $ETH must firmly stay above 4000; otherwise, this wave of falling pattern is not over yet.