Evening chart observation (ETH)



In the evening, the overall trend is slightly biased toward a corrective upward move. The bearish news from yesterday caused many positioned investors to exit; after the sell pressure from panic selling was released, the downward pressure on the chart became clearly smaller.
Even though there was a small outflow of funds from within the market yesterday, after the price fell it was quickly lifted back up by buy orders. The strength of lower-level support was sufficient, and large capital has not fully withdrawn.
At 20:30 tonight, economic-related data will be released. If the data matches market expectations, market expectations of loosened conditions may increase, and large capital may enter again to plan and position.
#ETH $ETH
ETH-3.44%
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