$ETH Analyze today’s market “bread” trend:

After U.S. stocks opened last night, sentiment was hit by bearish news—market expectations that the Fed will raise rates soon and the impact of geopolitical conflicts—resulting in Ethereum breaking below 1900 and dropping to an 1850 bottom. However, Ethereum has been testing above 1900, which shows that the bulls still have a chance. Even though today is Black Friday trading day and there’s still capital fleeing on-chain, strong ETF inflows and well-funded institutions have been propping up Ethereum. Wait for a suitable pullback opportunity—you can still go long with targets above the 1900 level.

For the short-side partners: be careful to avoid Ethereum’s strong rebound tonight. In the rebound phase, you can choose to short one wave; pushing the price to the 1910-1920 range is very suitable for setting up short positions.

I’ll keep monitoring the “bread” trend in real time both during the day and in the evening. If at the moment you don’t have a clear market-direction plan and aren’t comprehensive enough about the altcoin sector, you can come to Zeger here to reference the intraday market and trading ideas.
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