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$ETH Today, Ethereum has been continuously oscillating and consolidating in the range of 2360–2390. Before and after the U.S. stock market, will there be a big move in the market? Is tonight’s U.S. stock market bullish or bearish?!!!
Brother Ran’s personal analysis
No matter what cryptocurrency you enter, trend is king—if your trend prediction is correct, there’s no such thing as missing out on gains.
Right now, there’s less than two hours until the U.S. stock market opens. With the news not favorable, tonight is still expected, with high probability, to open high and then fall back—or you should look for a pullback. In addition, the data shows that at the weekly intraday high line of 2400 there are a large number of pending buy orders at the key resistance level, indicating that the 2400 high-pressure line in the near term is hard to break through.
Second, according to the order/clearance data, at 2301 there are clearly long positions pending liquidation totaling 6722.27 USD at the bottom. This position will definitely be cleaned out in the near term. Based on the above, with the bears currently launching a counterattack, the bulls will temporarily avoid the sharp edge.
Technical entry price levels
Short (bearish): 2370–2385 range—meet resistance and hit it directly
Target: 2362. If it breaks, look at 2330 below
Stop loss: Just set it near the resistance level around 2400 $ETH Today, Ethereum has been continuously oscillating and consolidating in the range of 2360–2390. Before and after the U.S. stock market, will there be a big move in the market? Is tonight’s U.S. stock market bullish or bearish?!!!
Brother Ran’s personal analysis
No matter what cryptocurrency you enter, trend is king—if your trend prediction is correct, there’s no such thing as missing out on gains.
Right now, there’s less than two hours until the U.S. stock market opens. With the news not favorable, tonight is still expected, with high probability, to open high and then fall back—or you should look for a pullback. In addition, the data shows that at the weekly intraday high line of 2400 there are a large number of pending buy orders at the key resistance level, indicating that the 2400 high-pressure line in the near term is hard to break through.
Second, according to the order/clearance data, at 2301 there are clearly long positions pending liquidation totaling 6722.27 USD at the bottom. This position will definitely be cleaned out in the near term. Based on the above, with the bears currently launching a counterattack, the bulls will temporarily avoid the sharp edge.
Technical entry price levels
Short (bearish): 2370–2385 range—meet resistance and hit it directly
Target: 2362. If it breaks, look at 2330 below
Stop loss: Just set it near the resistance level around 2400