Feb.23-Mar.1ETH(1d)
Similar to BTC,when the price fell to the support level, the bullish power increased significantly, resulting in a Pin Bar on Feb.24. And it rose with much trading volume yesterday. But the performance was not as good as BTC, which may be related to the motivation for pumping. The price may fluctuate in a small range.
Conclusion: Mostly fluctuation. While there is a quite a distance before reaching the previous high, it may continue to rise. But since February, we can see that the confrontation between the long and the short is fierce, the performance of the long nearby is not good enough. We think that with the price continue rising, the bearish pressure will gradually strengthen, just like what happened on Feb.24.And the range(2570,3180) will be difficult to break.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Conclusion: Mostly fluctuation. While there is a quite a distance before reaching the previous high, it may continue to rise. But since February, we can see that the confrontation between the long and the short is fierce, the performance of the long nearby is not good enough. We think that with the price continue rising, the bearish pressure will gradually strengthen, just like what happened on Feb.24.And the range(2570,3180) will be difficult to break.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
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