Looking at Ethereum on the daily chart, it’s still grinding at a low level, with a strong bearish vibe. The external environment isn’t friendly either—Japan keeps raising interest rates, while the US has started cutting rates again.
The market did recover a bit over the weekend, but its current position is pretty awkward. Want to short? At least wait until it breaks below the 3.0 support. Want to catch the bottom? Going all in right now is clearly not rational. I think a safer strategy is to find a relatively low point and gradually build your position in batches, instead of dumping everything in at once.
However, considering Japan’s rate hikes, the usual pattern of positive news being priced in early, and the daily chart structure, I personally remain a bit bearish. I feel like this correction won’t just stop at 2.6—it might dip even lower. Of course, no one can predict the market for sure, so risk management is the most important thing.
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GreenCandleCollector
· 20h ago
The bull market is still a long way off.
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PoetryOnChain
· 21h ago
Short-term trading is quite risky.
View OriginalReply0
FloorPriceNightmare
· 21h ago
Observe and wait for an opportunity before taking action
#美SEC促进加密资产创新监管框架 $ETH
Looking at Ethereum on the daily chart, it’s still grinding at a low level, with a strong bearish vibe. The external environment isn’t friendly either—Japan keeps raising interest rates, while the US has started cutting rates again.
The market did recover a bit over the weekend, but its current position is pretty awkward. Want to short? At least wait until it breaks below the 3.0 support. Want to catch the bottom? Going all in right now is clearly not rational. I think a safer strategy is to find a relatively low point and gradually build your position in batches, instead of dumping everything in at once.
However, considering Japan’s rate hikes, the usual pattern of positive news being priced in early, and the daily chart structure, I personally remain a bit bearish. I feel like this correction won’t just stop at 2.6—it might dip even lower. Of course, no one can predict the market for sure, so risk management is the most important thing.