ChuFan
vip

Evening thoughts on 7.9


Currently, the ETH market is fluctuating at a relatively high price, facing significant resistance to upward movement, and the trading volume has not effectively supported further increases. Technical indicators show bearish signals such as a top divergence, and selling pressure in the market is gradually becoming evident. In light of this, one can maintain a bearish outlook, waiting for the price to rebound to the resistance area before strategically placing short orders.
Suggestion: Around 2630-2650, target looking towards 2550-2520
Nearby
ETH-1.06%
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