At the Ether 3750 position, it repeatedly shows a Long Wick Candle. A descending trend line is formed on the 4-hour level. The Rebound first looks at 3860/3880. If it holds above on the 2/4-hour level, it indicates the continuation of long positions and continues to push for higher points; otherwise, it will still grind repeatedly. The first support is at 3750, and the second support is at 3600/3620, near the descending trend line and the bottom support level.


Yesterday, Ether's rebound was quite good, but the altcoins didn't move at all, falling without rising. ENA has reached the support level, but I hope it drops a bit more, preferably down to the 53 or 54 level for a swing. Then, on the two-hour chart, 53 is the defense level. If it directly breaks down, just wait to see if there’s an opportunity.
ETH4.04%
ENA15.94%
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Lyaqyevip
· 07-30 00:08
Ether is at a market turning point, institutions are reducing positions and taking profits, which is why you see such a strong pullback. Each pullback is a reduction in positions to exit, and Ether needs to fall back to at least 2800 to test the support at 3000.
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