For yesterday‘s rebound, the moment can be described as a flash in the pan, Ethereum today big dump of 5%, according to on-chain monitoring data, today there are whales selling large amounts of dump. A Whale has deposited a total of 11,892 ETH in the past five hours, with a total value of $38.07 million. However, from the order book volume ratio, large orders are in balance, but Yibo believes that this is a change of hands. At present, the Ether BTC has fallen again, and the Hong Kong Ethereum ETF will be officially launched tomorrow, if you want to give fall reasons, what Favourable Information is all Unfavourable Information, the United States wants to identify ETH is a securities, the Federal Reserve will probably not cut interest rates in May, etc., anyway, there are fall a lot of reasons to wait, and there are a lot of reasons to wait after pump, no way, that‘s it now, everything is confusing! Franklin Ether Spot ETF code EZET has been listed on the DTCC website, and as with the previous BTC narrative, May 23 is the Ether Spot ETF decision day, and the focus of the next step of capital speculation will most likely shift to Ether and Ether, as evidenced by the sudden rally in Ether and Ether over the weekend. You can long long pay attention to Ether and OP, ARB, STRK, SSV, etc., and pullback there are buying points to lay out some medium to long term Spot in advance. As for whether the hype of the Ether system can drive the BTC and the entire crypto world to strengthen, let‘s wait and see!
Last week, the Bitcoin showed a volatile downward trend, three times back to the 60,000 mark below the Rebound more than 7,000 points after the pressure downward, with 59,600 as the starting pump point to launch the second round of pump, 67,200 is the pullback pressure point in this round of trend, the condition to confirm this trend is the watershed 62,000, if the pullback around 61,700 can effectively support and Rebound, the second round of pump established, the Rebound will break the high 67,200 medium term long fren medium term , but different from the last 60,000 is, 60,000 is after three times of tamping, Rebound more certain, this time is just our judgment from the structure, the current daily line and the four-hour level trend, naturally not Favourable Information long, four hours even suppressed by the downward trend line, short term first see if support 61700-62000 can withstand the pressure tonight, step back on this area to long at night, want to lay out the same area of the medium term to layout.
On the Ether-day line, the price fell sharply fall, and the advantage of yesterday‘s upper pump was returned partially, and the overall trend is still short, and the lower support continues to pay attention to the vicinity of 3150, and the price short term in 4 hours fall the middle line of the Bollinger line, and the market is about to come out of the painting door pattern, and the short head still has the upper hand. It seems that its ability to independently lead the pump is still not enough, although there is favourable information news from Hong Kong in the past two days, but on the whole, the recent data shows that it is relatively decadent, if the incremental funds are not crazy and not sustainable, it is difficult to have a big unilateral in the short term, short term focus on suppressing 3235-3250 above, and the structure is still dominated by high shorts before the correction!
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