8.4 Ether Afternoon Analysis


It seems that everyone is more interested in the analysis of Ether $ETH.
A few days ago, there were some discrepancies in Ether's outlook. After the first wave hit around 3430, it rebounded to 3480, which indeed provided an opportunity for profit. Those who didn't take profits in time might end up either breaking even or hitting their stop-loss.
The trend of Ether is actually quite similar to expectations. I originally thought Ether wouldn’t hit another low point, around 3430, but unexpectedly, it dropped down quite a bit, with the lowest around 3350. This drop will shake many people out of the market, and even many who see Ether drop so much might want to short it [允悲], which is the psychology that the dogs in the market play with.
The upward pressure is actually still the 3560-3580 range mentioned last time. Today it also hit 3575 and then dropped. Ether has been quite volatile, and it's still a bit difficult to manage it perfectly!
The intraday operations for Ether can focus on going long around the 3480 level below and shorting around the 3580 level above! (With fluctuations of 10-20 points up and down)
ETH0.75%
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