Is Trump about to attack Iran again? Don’t let the rumor get you off track—$ETH is basically a “cripple” that can’t be propped up.

According to a report from The New York Times, Lao Te held a meeting today with senior advisers to discuss whether to expand the military strike against Iran. The previous ceasefire agreement has already collapsed. If they actually move this time, the Middle East will blow up immediately, and global risk-averse sentiment will skyrocket.

Take a look at the chart: ETH is trading at 1858 right now. The high at 1909 has already become a short-term ceiling. Today the low dipped to 1846, showing there’s still a fair amount of sell pressure overhead. As long as it hasn’t broken the pressure zone of 1890–1900, the market is still set to rebound.

MiGe’s trading advice:
Short around 1860–1870 and wait for a rebound before entering feels more comfortable—there’s no need to chase the short. If you’re more aggressive, a small short above 1860 can also work, but if you chase in at this spot, you need to be able to withstand the volatility.

Personal view: In the short term, ETH is basically destined to follow the decline but not rise with it. As long as the geopolitical conflict doesn’t cool down, it’s hard for this coin to produce a decent rebound. Don’t get excited just because you see a small green candle. In this kind of market, holding back is more important than charging everywhere—wait until it truly stabilizes before making a move.

#直通IPO第二期JerseyMikes