Temporarily wait and see ETH market

19 ביולי 2022

It can be seen that the recent trend of ETH price is an upward channel, and the overall increase rate has reached 60%. Such a rapid increase is not normal in the environment of the bear market. 1716 will be a strong resistance level. If the price rises to 1716, you can go short after observing whether it is a false breakout. Now opening a position, whether it is long or short, is very risky, so it is not recommended for traders to open a position.If you read our analysis earlier, traders who are long at 1100 can consider taking profit near 1600.