Recently, although it tried to rise, each rally was beaten back. Especially at the 63,800 to 64,200 level, it tried several times but couldn't hold steady, indicating heavy selling above, and the bulls (buyers) are losing strength.


It is now at a "crossroads" and is about to choose a direction.
Like BTC, ETH also lacks independent positive news. Without a strong breakout from BTC, it is difficult for ETH to surge on its own. Additionally, everyone is waiting for the CPI data, so funds are hesitant to attack aggressively. Therefore, in the short term, it will likely fluctuate along with BTC, and due to poorer liquidity, volatility may be more intense.
Focus on the 1770 - 1780 range. If the price returns to this level and fails to break above, it is a good shorting opportunity.
BTC: Short in batches around 63800-64200, target 62800-62500
ETH: Short around 1770-1780, target 1750-1740
$BTC $ETH
BTC1.41%
ETH2.72%
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