7.3 Friday Yang Fan's Ethereum Thoughts


Non-farm payrolls drove Ethereum up to around 1710, with strong resistance at 1720-1740, making it difficult to break through.
This round of rally is just short covering; ETF funds continue to flow out, and institutions have not entered, so it is not a true reversal. The market is losing upward momentum and has a need for a pullback.
Today, the US stock market is closed, so it will mainly be volatile. Short in batches at 1720-1740, first target 1670, and if broken, look towards 1630.
Tip:
The above analysis is Mu Yao's personal analysis. The market changes rapidly, and the content is for reference only and does not constitute any investment advice.
$BTC $ETH
BTC0.85%
ETH5.41%
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