Ethereum (ETH) currently shows strong rising potential, investors do not need to overly focus on the resistance level. The crypto assets market may soon welcome a new round of interest rate cuts, which will bring favourable information to the entire industry.
However, before the full launch of interest rate cut expectations, the market is likely to experience a震荡调整 to accumulate stronger upward momentum. Investors are advised to closely follow market trends in August and prepare for building positions at lower levels to seize potential bullish opportunities.
From a short-term trading perspective, the current key resistance level for ETH is between $3880 and $3940. Investors should be prepared for possible real or false breakouts and adjust their trading strategies flexibly.
For traders intending to engage in short selling, it may be worth considering opening positions near the aforementioned resistance level, with potential downside targets around $3730, $3630, and $3560.
Overall, the ETH market is at a critical turning point. Investors should closely follow changes in macroeconomic policies, especially the potential upcoming interest rate cuts, while making informed investment decisions based on technical analysis. Whether for long-term or short-term operations, it is essential to remain vigilant and manage risks to navigate this market environment filled with opportunities and challenges.
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MysteryBoxBuster
· 08-09 04:35
Who believes in the fall? Just go all in and charge!
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SchrodingerPrivateKey
· 08-08 17:46
Limping to enter a position, sitting and waiting to da moon.
Ethereum (ETH) currently shows strong rising potential, investors do not need to overly focus on the resistance level. The crypto assets market may soon welcome a new round of interest rate cuts, which will bring favourable information to the entire industry.
However, before the full launch of interest rate cut expectations, the market is likely to experience a震荡调整 to accumulate stronger upward momentum. Investors are advised to closely follow market trends in August and prepare for building positions at lower levels to seize potential bullish opportunities.
From a short-term trading perspective, the current key resistance level for ETH is between $3880 and $3940. Investors should be prepared for possible real or false breakouts and adjust their trading strategies flexibly.
For traders intending to engage in short selling, it may be worth considering opening positions near the aforementioned resistance level, with potential downside targets around $3730, $3630, and $3560.
Overall, the ETH market is at a critical turning point. Investors should closely follow changes in macroeconomic policies, especially the potential upcoming interest rate cuts, while making informed investment decisions based on technical analysis. Whether for long-term or short-term operations, it is essential to remain vigilant and manage risks to navigate this market environment filled with opportunities and challenges.