Yesterday, the crypto market was affected by non-ferrous metals, and it directly formed a gate. This period has been continuously forming a gate. When the market makes you develop a certain habit, it also means a trend reversal is coming. The 90,000 magic number is still in play. Although the reason is unknown, the increasing trading volume suggests there are still quite a few resistors. A decisive breakout may require stronger positive catalysts to support buying momentum. Currently, the daily chart has become a straight line. The strategy remains the same: as long as 86,000 is not broken, there is a chance to continue upward. In the short term, remain patient and wait for a directional move, with support at 86,000-84,700 and resistance at 90,000-91,200.
ETH Ethereum, combined with Bitcoin, can rebound as long as it stays above 2,900 in the short term. Breaking below would lead to a downward move. This kind of market pattern is unpredictable; small fluctuations are fine to play around with. Support at 2,900-2,820, resistance at 3,015-3,040-3,113.
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.
12.30
Yesterday, the crypto market was affected by non-ferrous metals, and it directly formed a gate. This period has been continuously forming a gate. When the market makes you develop a certain habit, it also means a trend reversal is coming. The 90,000 magic number is still in play. Although the reason is unknown, the increasing trading volume suggests there are still quite a few resistors. A decisive breakout may require stronger positive catalysts to support buying momentum. Currently, the daily chart has become a straight line. The strategy remains the same: as long as 86,000 is not broken, there is a chance to continue upward. In the short term, remain patient and wait for a directional move, with support at 86,000-84,700 and resistance at 90,000-91,200.
ETH
Ethereum, combined with Bitcoin, can rebound as long as it stays above 2,900 in the short term. Breaking below would lead to a downward move. This kind of market pattern is unpredictable; small fluctuations are fine to play around with. Support at 2,900-2,820, resistance at 3,015-3,040-3,113.