Hua Zai’s Market Commentary on ETH in the Afternoon:



After the second pancake weakens in sync with the first, it quickly forms a large bearish candle in the afternoon. The price slid from 2404 down to the 2310 low, and is now making a slight rebound around 2320.

The bulk of the bearish pressure has largely run its course. This is currently a high-quality window to build positions at lower levels, as signs of a bullish recovery are gradually becoming visible. There’s no need to let short-term price fluctuations affect your mindset. The overall trend still looks bullish. Hold the key support levels, participate with a reasonably light position size following the trend, and patiently wait for the next round of rebound and rally to begin.

**Trading Suggestions**
Place long orders in batches around 2900–2310.

**Targets**
2400–2500.

Set your stop-loss properly and manage risk.
ETH-0.61%
BTC-0.26%
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