To be honest, this recent market movement hasn’t really formed a true one-way trend yet. The main thing holding it up are the upgrade news; as for rate cuts, the market is still arguing back and forth with nothing definite, so don’t get too excited too soon.



But why am I watching the 3155 level? The logic is simple—the MA60 daily moving average is right there providing support, and there’s a high probability that any short-term pullback will stop at that point. From a technical perspective, it’s a good observation window.

That being said, the current market has opportunities but you need to stay steady—it’s not the time to rush in blindly. The upgrade news is definitely positive, but rate cut expectations are too uncertain. It’s not too late to go in heavy once the direction is clearer.
ETH-0.02%
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
  • 4
  • Repost
  • Share
Comment
0/400
ThatsNotARugPullvip
· 9h ago
That 3155 line is indeed something, but with this current volatility... honestly, no one can say for sure.
View OriginalReply0
tx_pending_forevervip
· 12-04 09:48
I'm also watching the 3155 level, but honestly, the rate cut is still too uncertain.
View OriginalReply0
RealYieldWizardvip
· 12-04 09:41
We really need to hold the 3155 level, otherwise we'll have to take a loss again.
View OriginalReply0
LidoStakeAddictvip
· 12-04 09:29
I'm also watching that 3155 line, but this time it really depends on how the rate cut is implemented.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 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)