ETH strategy: With no liquidity over the weekend, it’s unsurprising that the market is moving sideways. Although there’s little movement in the price, there has been some main capital outflow, so for now, the bias is slightly bearish. But as always, we will react to how the market moves. In the next day or two, pay attention to the 3000 level for ETH. Since testing 3000 last Friday, the price has been consolidating above 3000 over the weekend, but this is only temporary. You could say 3000 is the indicator here—if it’s lost, there’s room to move lower, and you can look for support around 2850. Of course, if new main capital enters the market or there’s other positive news, and ETH stabilizes above 3040, you could follow up with a long position targeting resistance at the 3120-3130 level.

ETH-0.32%
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