The daily chart shows Ethereum still in a strong downward trend, with moving averages, indicators, on-chain data, and ETFs all pointing to a bearish trend. The short-term market is in a technical rebound phase, but based on current trading volume, a reversal is unlikely. There is no large capital entering the long side, and trading volume remains sluggish. A true reversal can be referenced from May 9th last year, when two consecutive days of hundred-billion-dollar trading volume led to a breakout with a long bullish candle. The current situation is far from that; without $15 billion in long orders entering, a reversal is impossible. #美国5月CPI创三年新高

ETH1.23%
View Original
post-image
post-image
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
  • 3
  • Repost
  • Share
Comment
Add a comment
Add a comment
GateUser-2b554562
· 2h ago
Alright, I’m feeling a bit more at ease! I just hope you don’t “blow me up”/expose me—God bless. Next time I’ll be more careful and not so aggressive.
View OriginalReply0
View More
  • Pinned