ETH opening highlights: this round is not a one-sided trend but a typical oscillating control.


Last night, influenced by macro sentiment and geopolitical news, the market experienced tug-of-war, with resistance above and support below, making the price movement very tangled. But one thing is very clear—major players have not exited, and funds are still betting within.
At this current level, selling pressure above still exists, and the previous high has not been broken for a long time, indicating that short-term chasing funds are insufficient; but multiple dips below have not been broken through, and support is genuinely present. This structure is very typical: it doesn't allow easy entry or easy exit, just repeated shakeouts.
After opening, this rhythm is likely to continue: first testing the resistance above, if volume can't keep up, it will easily surge and fall back; once sentiment weakens, it may test the support below again, but as long as the key level isn't broken, a pullback is actually an opportunity.
In terms of trading, avoid chasing highs or selling lows, as this kind of market is most likely to hit both ends. A more reasonable approach is to wait for dips to support levels or wait for a genuine volume breakout before following. Now is not about speed, but about patience.
ETH-1.45%
View Original
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
Add a comment
Add a comment
No comments