Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Macroeconomic Analysis: Liquidity determines the market trend, mainly due to the federal government shutdown. When will it reopen? The market has given some hints. The expectation is that the meeting on the 14th will approve it, so it might reopen next Monday! Additionally, there is the Ethereum December upgrade and the expected balance sheet reduction in December, along with recent increased institutional holdings. This round has some speculative potential!



Technical Analysis: After a strong rebound from the second dip, the market faces resistance and enters a consolidation phase. The 4-hour chart shows a bottoming pattern forming. As long as the lower channel is not broken, there is room for progression! Liquidity is weak over the weekend, so the movement is relatively slow. For ETH, watch the resistance at 3480 and support at 3350! A breakout above 3600 indicates further upward potential, while a breakdown below 3170 suggests downside risk. Currently, I mainly favor long positions, as the downside space is limited!

Personal opinion, not investment advice!
ETH7.15%
View Original
[The user has shared his/her trading data. Go to the App to view more.]
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
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 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)