- Entry zone: rebound to around 3130-3160 Target: 3060-3000 -2900
1. Technical analysis: ETH is currently trapped within a downward channel, with weak rebound momentum. The 3120-3150 range forms a dense resistance zone, RSI indicator has not broken through the weak zone, lacking sustained upward momentum; 2. Funding: Recently, spot ETF funds have continued to outflow, institutional buying interest is insufficient, making it difficult to support the price breaking through key resistance, and there is a strong need for a pullback; 3. Market sentiment: Open interest in futures contracts is approaching a high of 40 billion USD, high leverage environment is prone to causing violent fluctuations, and the current bullish-bearish balance is likely to tilt towards the bearish side.$BTC $ETH
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1.13姨太
- Entry zone: rebound to around 3130-3160
Target: 3060-3000 -2900
1. Technical analysis: ETH is currently trapped within a downward channel, with weak rebound momentum. The 3120-3150 range forms a dense resistance zone, RSI indicator has not broken through the weak zone, lacking sustained upward momentum;
2. Funding: Recently, spot ETF funds have continued to outflow, institutional buying interest is insufficient, making it difficult to support the price breaking through key resistance, and there is a strong need for a pullback;
3. Market sentiment: Open interest in futures contracts is approaching a high of 40 billion USD, high leverage environment is prone to causing violent fluctuations, and the current bullish-bearish balance is likely to tilt towards the bearish side.$BTC $ETH