November 11 $ETH Market Update
Ethereum has fallen to around 2000. What should we do??
ETH has dropped sharply over the past few days, and market sentiment has turned broadly bearish, with many expecting prices to fall further.
But trading shouldn't be based solely on price movements; sentiment is also an important reference point.
On the daily chart, ETH previously saw a modest rebound at the first support level. The current price is in the second support zone I'm watching. I don't consider this a definitive bottom.
It's worth noting, though, that when bearish sentiment is widely shared and short positions become increasingly crowded, a price stabilization can easily trigger short covering and spark a rebound.
Also, ETH's Glamsterdam upgrade is still underway. The external audit results are expected to be released before November 16, and developers will discuss follow-up specification adjustments based on the audit results at their November 19 meeting. Whether this can translate into a tangible positive catalyst remains to be seen.
Trading reference: With the current price around 2060, consider opening long positions on a pullback, with a stop loss at 2000. For a short-term rebound, first watch 2100–2150; if the price holds at these levels, the next target is around 2200.
#美国10月CPI全面超预期
Ethereum has fallen to around 2000. What should we do??
ETH has dropped sharply over the past few days, and market sentiment has turned broadly bearish, with many expecting prices to fall further.
But trading shouldn't be based solely on price movements; sentiment is also an important reference point.
On the daily chart, ETH previously saw a modest rebound at the first support level. The current price is in the second support zone I'm watching. I don't consider this a definitive bottom.
It's worth noting, though, that when bearish sentiment is widely shared and short positions become increasingly crowded, a price stabilization can easily trigger short covering and spark a rebound.
Also, ETH's Glamsterdam upgrade is still underway. The external audit results are expected to be released before November 16, and developers will discuss follow-up specification adjustments based on the audit results at their November 19 meeting. Whether this can translate into a tangible positive catalyst remains to be seen.
Trading reference: With the current price around 2060, consider opening long positions on a pullback, with a stop loss at 2000. For a short-term rebound, first watch 2100–2150; if the price holds at these levels, the next target is around 2200.
#美国10月CPI全面超预期
