ETH has just broken the upper edge of the triangle pattern, and now it has fallen back to test the support. This operation is typical of "scaring the long positions." The key is not to break the support line marked by the black line; otherwise, the $10K target may need to be pushed back. Currently, the technical structure still looks intact, and short-term pullbacks are common, which actually provides opportunities for new entries. Market sentiment is biased towards the long side, and as long as the key levels are maintained, the probability of continuing to rise is still high. Some traders are waiting for this type of pullback to increase their positions.
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ETH has just broken the upper edge of the triangle pattern, and now it has fallen back to test the support. This operation is typical of "scaring the long positions." The key is not to break the support line marked by the black line; otherwise, the $10K target may need to be pushed back. Currently, the technical structure still looks intact, and short-term pullbacks are common, which actually provides opportunities for new entries. Market sentiment is biased towards the long side, and as long as the key levels are maintained, the probability of continuing to rise is still high. Some traders are waiting for this type of pullback to increase their positions.