#Institutions Hold 10M+ ETH#Ether from the current market perspective is in a bearish trend, the moving averages show a bearish pattern and a death cross has formed, this series of signals clearly indicates a trend selling pressure, and the overall setup is significantly bearish.



However, it is worth noting that the price has gradually approached the strong support level of 4160, while a bullish engulfing pattern has formed on the chart. The appearance of this technical shape often means that buying strength begins to accumulate in the short term, which could indicate a potential rebound.

In subsequent operations, it is suggested to pull back to enter long, near 4220—4250, with a target at 4350, near 4400. #机构以太坊储备破1000万枚# #Strategy放宽股票出售规则# #晒出我的Alpha积分# #BTC# #ETH#
HOLD1.47%
ETH2.76%
LA2.54%
UNA6.11%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)