$ETH Midday market analysis!!! 💥💥💥

At present, ETH’s overall movement is still mainly characterized by range-bound consolidation. Although there hasn’t been a continuous surge in the short term, the chart has not shown any clear signs of weakening. Each time the price pulls back, it attracts some capital to step in and take over, indicating that market buy-side sentiment is still present. However, because U.S. stock markets are closed over the weekend, market liquidity is limited, and price action is more easily driven by dip-buying funds. That said, judging from on-chain fund activity and order book performance, the willingness to pick up at low levels has not decreased—there are still plenty of funds choosing to lay out dip-buying positions at the bottom.

ETH is currently at 1800, and the price action has started to lean toward the bulls. If, going forward, it can continue to hold this level and be accompanied by an increase in trading volume, the upside potential is still worth expecting.

For friends who already hold long positions, there’s no need to change your mindset too easily just because of short-term consolidation. As long as key support hasn’t been lost, stay firm and give the market some time. See my info below.