$ETH Many fans are asking me how I see Ethereum today?


My answer: You can take a short-term long position!
What's the reason? This week it will likely oscillate in the 1500-1650 range, unable to break down persistently. A bull run is not happening yet. Last night, driven by positive news, it rebounded to around 1637 and then fell back to the current price near 1580. From the hourly chart, 1578 is a strong support below!
What positive news has there been recently?
1. The Ethereum Foundation Lido staked nearly 5000 ETH. What does that mean? It's like depositing money in a bank as a fixed term deposit; they won't sell easily, so there will be no selling pressure in the short term.
2. The US-Iran conflict has eased, and oil prices are also falling. This will reduce the pressure of next month's interest rate hike. These factors will naturally allow the market to recover somewhat. Coupled with the stimulus from tonight's US stock market, the market will likely see a rally. Brother Cang has already notified his followers to enter. The first target is 1615, and if it breaks through, look at 1650. Follow Brother Cang!
#Solana生态ANSEM暴涨
ETH-1.04%
SOL-0.82%
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