Ether has surged again. There was a hint yesterday that it would continue to rebound, and after a day's stepwise upward movement, the price extended to test 2800. However, the trading hours' pump did not achieve the key node of 2800.

From the K-line observation, after a step-like pump to a high position, there was no rapid rebound, proving that the bulls are still in a state of accumulation. The smooth decline gives an illusion of a short squeeze, but short-term observations show significant selling pressure, so one should not blindly chase after the long position at this time.

Suggestion: 2788 is a line of busy pressure, continue to sell pressure looking towards 2650. If there is an effective break, continue to look at 2550.
#美联储会议纪要#

ETH0.36%

K-7.06%

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GoodDeedsLeadToGood

· 05-30 01:04

Ether surged to a new high again. There was a hint yesterday that it would continue to rebound, and after a day of stair-step rise, the price extended to test 2800. However, the stretch during trading hours did not achieve this key node of 2800.
From the Candlestick analysis, after the stair-step stretch to high positions, it did not quickly pull back, proving that long positions are still in a state of accumulation. The steady pullback gives the illusion of a bear trap, but short-term observations indicate significant selling pressure, so it is not advisable to blindly chase rising prices at this time.
Suggestion: 2788 is a point of pressure, continue to look for selling pressure towards 2650, and if there is an effective break, continue to look towards 2550.
#美联储会议纪要#

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SevenFlowersOnOneVine

· 05-29 14:28

Quick, enter a position! 🚗

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