#ETH# Since Ether has become the leader, let's study it first. The Americans are so eager to dump, they went as far as to produce ridiculous PPI data just to achieve that, which led to a direct break of the important 1h support last night, causing the overall market to break the line and triggering liquidations. After the long wick candle appeared, the two support levels near 4450 became important support levels. Let's look at the two scenarios for the future market:



- Red script: After breaking through the mid-line resistance level on the 1h, it directly rushes upwards to challenge ATH, which just happens to be the target level of the butterfly pattern.

- Blue script: After forming a descending continuation channel between 4450 and 4600, it breaks downwards and continues to test the key support level around 4200.

Which script do you think is better? If there are three explorations, you might consider trying to go long with a stop loss to make an initial impact, but remember to ensure proper protection.
ETH1.11%
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