- Entry Range: 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 zone forms dense resistance, RSI indicator has not broken through the weak zone, lacking sustained upward momentum; 2. Capital Flow: Recently, spot ETF funds have continued to outflow, institutional buying interest is insufficient, making it difficult to break through key resistance levels, and a strong pullback is needed; 3. Market Sentiment: Open interest in futures approaches a high of $40 billion, and in a high leverage environment, sharp volatility can be triggered. The current long-short balance is likely to tilt towards the bears. $BTC $ETH
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1.13 Auntie
- Entry Range: 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 zone forms dense resistance, RSI indicator has not broken through the weak zone, lacking sustained upward momentum;
2. Capital Flow: Recently, spot ETF funds have continued to outflow, institutional buying interest is insufficient, making it difficult to break through key resistance levels, and a strong pullback is needed;
3. Market Sentiment: Open interest in futures approaches a high of $40 billion, and in a high leverage environment, sharp volatility can be triggered. The current long-short balance is likely to tilt towards the bears. $BTC $ETH