In the short term, Ethereum seems to perform more strongly than Bitcoin, but the movement early this morning clearly carries a heavy emotional tone.



Technically, this rally has also triggered overbought signals on the hourly chart, so do not have too high expectations for this rally in the short term; instead, be cautious of the risk of the market facing pressure and giving back gains.

For now, first watch the battle around the hourly trendline at 1745-1765; if it breaks through, then look at the resistance near the previous minor high of 1780, but the likelihood of a breakout is low, and it is possible that the market could surge and then pull back.

On the downside in the short term, watch the battle around 1662; if it breaks below, then look at the battle in the 1615-1600 range.
ETH5.44%
View Original
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned