ETH's recent trend is indeed worth paying attention to. From a technical perspective, there was a significant volume near the previous high of 3403, but it quickly retreated afterward. This pattern of rising and falling indicates that selling pressure above is not light. Currently, the price is around 3282.23. Overall, the upward momentum is clearly weakening, and several rebound tests have failed to break through the previous high, reflecting a diminishing bullish sentiment in the market. In terms of trend integrity, the decline from the high of 3403 to the current correction has already caused a certain degree of damage to the original upward trend. If the price continues to fluctuate within this range in the short term, the subsequent direction will be crucial. Many traders may choose to look for short opportunities when rebounds weaken, but the specific approach still depends on their risk tolerance.

ETH0,11%
View Original
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.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
4am_degenvip
· 6h ago
3403 That wave of selling was really fierce. At this level, it feels like there's no confidence left.
View OriginalReply0
LiquidityLarryvip
· 6h ago
At the moment 3403 dropped, I knew this wave was over; the bears are the true justice.
View OriginalReply0
AirdropJunkievip
· 6h ago
3403 has dropped and never rebounded, this pace is indeed a bit awkward.
View OriginalReply0
ProofOfNothingvip
· 6h ago
I saw through that wave 3403 long ago; it was a false breakout. As selling pressure came in, the true nature was revealed.
View OriginalReply0
RugDocDetectivevip
· 7h ago
3403 dropping down really doesn't have much momentum, it feels like the bulls are a bit overwhelmed here.
View OriginalReply0
LayerHoppervip
· 7h ago
It's the same old story... I saw that 3403 would rise and fall back long ago. It should have been shorted at 2800. Why are you still hesitating? A rebound is just an opportunity to sell off.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)