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Cost price exit, refuse to be trapped
2345 is no longer support, on the hourly chart there is a very obvious: support turning into resistance, after the original support level breaks, the price rebounds, just pressed below 2345.
And a few details are actually starting to go wrong:
Rebound volume is insufficient
High points are getting lower
K-line bodies are getting smaller
ETH is clearly weaker than BTC
When BTC pulls back, ETH starts to fall together
On the hourly chart, it just happens to be stacked near the MA120 resistance, and as a result, the rebound volume is also insufficient, and it gets pressed down directly around 2345.
After adding to my position, the average price is around 2330, which actually gave me a chance for a “decent exit.”
Pull back to the cost area
Bitcoin is weakening simultaneously
ETH’s own trend is somewhat tired
Continuous decline is exhausting
The most uncomfortable thing in such times is not losing money, but:
“I know it might still bounce a bit, but I’m more afraid it will suddenly accelerate and fill the gap.”
Especially recently, ETH often behaves like this:
When BTC rises, it drags
When BTC pulls back, it jumps first $ETH #Gate广场五月交易分享