It fell again last night. $ETH What comes next? Here's my own take.
There have been three wicks around 2300, with a low of 2313.39.
Looking at the 4-hour chart, this area is seeing some support for now. If it continues to hold in the short term and the lows start moving higher, I'll watch for a rebound opportunity.
But where should we look for a rebound first?
The first target is 2450–2480, a relatively clear resistance zone recently.
If it breaks above this level on increased volume and holds, the next target is 2560–2580, but stronger price action will be needed.
Of course, this is just a technical observation; we still can't see a reversal.
Because ETF funds have not clearly flowed back in. Data shows that from October 12 to 16, BTC and ETH spot ETFs saw combined net outflows of about $549 million, while stablecoin supply and DeFi are also declining.
This means that even if there is a short-term rebound, we need to be wary of a pullback after a spike due to insufficient capital inflows.
As for the 2300 level, repeated wicks are a good sign, but we can't assume it definitely won't fall further just because it has wicked three times.
Be bullish when it's time to be bullish, but remain cautious when caution is warranted.
Wait for the market to give a signal, and respond in batches.
#eth #山寨币反弹势头消退
There have been three wicks around 2300, with a low of 2313.39.
Looking at the 4-hour chart, this area is seeing some support for now. If it continues to hold in the short term and the lows start moving higher, I'll watch for a rebound opportunity.
But where should we look for a rebound first?
The first target is 2450–2480, a relatively clear resistance zone recently.
If it breaks above this level on increased volume and holds, the next target is 2560–2580, but stronger price action will be needed.
Of course, this is just a technical observation; we still can't see a reversal.
Because ETF funds have not clearly flowed back in. Data shows that from October 12 to 16, BTC and ETH spot ETFs saw combined net outflows of about $549 million, while stablecoin supply and DeFi are also declining.
This means that even if there is a short-term rebound, we need to be wary of a pullback after a spike due to insufficient capital inflows.
As for the 2300 level, repeated wicks are a good sign, but we can't assume it definitely won't fall further just because it has wicked three times.
Be bullish when it's time to be bullish, but remain cautious when caution is warranted.
Wait for the market to give a signal, and respond in batches.
#eth #山寨币反弹势头消退
