Jincai on Coins: Ethereum is currently consolidating at a high level and is expected to continue breaking through after absorbing support. Pay attention to short-term consolidation and wait for support to complete the retracement and build a base for subsequent upward movement!

Every day, personal recommendations will be posted in the live trading group to grasp key points, control positions, and follow trends. Mainly focusing on spot, contracts, and skilled trend layout, operating around short-term price fluctuations, medium and long-term trends, daily, weekly, and monthly trend predictions for tops and bottoms!

Watch the video here: Jincai on Coins: Ethereum is currently consolidating at a high level and is expected to continue breaking through after absorbing support. Pay attention to short-term consolidation and wait for support to complete the retracement and build a base for subsequent upward movement!

Yesterday, Ethereum once again fell and formed a bearish candle. In the short term, it is currently correcting around the support near MA10. After the weekly closing, there is still a gap between the main candle and MA5. In order to continue the breakthrough in the short term, it still needs to undergo correction and support before opening up the subsequent range. Currently, the market's upward momentum is weak, mainly because the weekly support has not yet come up. Continuing to break through the weak support, in order to continue the upward breakthrough, it is still necessary to wait for short-term correction and support before opening up the subsequent high points. This week's market is waiting for correction and support, and the subsequent market next week will usher in a breakthrough. Further upward pressure is at the 3100 level. Only when this pressure is overcome, will there be new highs. After continuing to break through and go up, there will be new high points. For the subsequent market, continue to wait for the breakthrough of the long-term trend, follow the trend, and wait for further upward pressure!

Market fluctuations are fast. Due to the impact of review timeliness, for the subsequent market trends, real-time layout in the live trading group is the main focus, and the recommendations are for reference only!

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