There is a fundamental rule at the 3000 level regarding integers. Either it breaks through, causing a reversal around 2900, but the chances are slim. In a strong spot market, even a few hundred below 2000, many traders are still reluctant to give up their positions. Support is around 2500. Because Ethereum tends to be more volatile, the bottom can be referenced to Bitcoin's bottom, which is quite clear around 96,666. When Ethereum drops to that level, spot traders can start accumulating positions. However, the contracts are not very stable right now, so it's not advisable to enter.
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I_mGonnaFuckYouWith
· 11-06 02:31
Can it still fall below 3000?
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WhaleHunter
· 11-06 02:25
It feels like 3054 could be the bottom of this wave.
There is a fundamental rule at the 3000 level regarding integers. Either it breaks through, causing a reversal around 2900, but the chances are slim. In a strong spot market, even a few hundred below 2000, many traders are still reluctant to give up their positions. Support is around 2500. Because Ethereum tends to be more volatile, the bottom can be referenced to Bitcoin's bottom, which is quite clear around 96,666. When Ethereum drops to that level, spot traders can start accumulating positions. However, the contracts are not very stable right now, so it's not advisable to enter.