#ETH# The magical pattern of Ether 30m short-term, 9 pressure + 3 Long Wick Candle

- After 9 consecutive attempts to break through the 30m resistance level have failed, it indicates that a significant amount of trapped positions have accumulated above 4200. Each attempt to break through will encounter selling pressure from those looking to cut losses, and the barrier has not been breached in 9 consecutive attempts.
- Continuous 3 Long Wick Candles, Long Wick Candle means liquidation and institutions buying the dip. If it does not break 4000, it is highly likely to still be a small drop, continuing to shake out retail investors with lateral declines. This grinding market is the greatest test of a trader's patience, but if it breaks 4000, one must still be prepared for protection, and never be careless.
- The interest rate cut cycle continues to reference the pinned recommendation.