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On the daily chart, ETH has formed a golden cross pattern, and we are just waiting for it to start acting. Before the launch, there will be a signal of an accelerating pump (empty square above the zero line), which generally confirms that there will be a rebound in the future market. Although overall I am bearish on ETH long term, objectively speaking, with the market trend changing next week, I am betting on a rise.
Two weeks ago, I determined that after ETH bounces off 1750, 2102 would be the ceiling. As a result, the highest point was indeed here, and it has not risen for four days. The high point of the two-day bounce chart at 2174 has not yet been reached. The high point of the three-day bounce chart is around 2318. Therefore, even if the next round of bounces occurs in the short term, 2174-2318 will be the next ceiling, and bouncing into this area remains key to shorting. #BTC #PI #ETH #GateioInto11 #ContentStar