Monitor the price dynamics of Ethereum, where ETH's performance at the critical level of 2400 is worth following. From a technical analysis perspective, the daily chart shows that the price has fallen below the middle band support, accompanied by a decline in trading volume. Even if a rebound occurs, it has not been able to break through the important resistance level of 2550.
To fully grasp the market direction, I usually combine multiple time frames for analysis, progressing from the daily chart to the 4-hour and then to the 1-hour charts, observing the big trends and short-term movements layer by layer. This multi-timeframe analysis method helps to form a more three-dimensional understanding of the market.
The journey of trading indeed requires constant exploration and self-awareness. Every trader is developing their own analytical system, hoping to find patterns in the market. Perhaps continuous learning, practice, and summarizing experiences are the right way to enhance trading abilities. The market itself is the best teacher; through the interpretation and verification of various signals, we can gradually build our own trading mindset.
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Monitor the price dynamics of Ethereum, where ETH's performance at the critical level of 2400 is worth following. From a technical analysis perspective, the daily chart shows that the price has fallen below the middle band support, accompanied by a decline in trading volume. Even if a rebound occurs, it has not been able to break through the important resistance level of 2550.
To fully grasp the market direction, I usually combine multiple time frames for analysis, progressing from the daily chart to the 4-hour and then to the 1-hour charts, observing the big trends and short-term movements layer by layer. This multi-timeframe analysis method helps to form a more three-dimensional understanding of the market.
The journey of trading indeed requires constant exploration and self-awareness. Every trader is developing their own analytical system, hoping to find patterns in the market. Perhaps continuous learning, practice, and summarizing experiences are the right way to enhance trading abilities. The market itself is the best teacher; through the interpretation and verification of various signals, we can gradually build our own trading mindset.