In the Crypto Assets market, the price movement of Ethereum (ETH) has always been the focus of investors. Recently, we observed that ETH fell from 3730 points to around 3600 points, a drop of more than 100 points, nearly returning to the starting point of this round of rise.



This pullback may provide a potential buying opportunity for short-term traders. Based on the current market situation, building positions within the range of 3590 to 3610 might be a good choice. From a technical perspective, there is a high likelihood that ETH will rebound to 3640 points, and it may even break above 3670 points.

For investors who do not want to miss potential rise opportunities, entering the market around 3610 points can also be considered. However, my personal view is that I might look for an entry point around 3590 to achieve a better risk-reward ratio.

Of course, the crypto assets market is highly volatile, and investors should conduct thorough research and risk assessment before making any decisions. In addition, the market is ever-changing, with new variables potentially emerging at any moment, so it is crucial to maintain vigilance and a flexible trading strategy.

Regardless, in the current market environment, closely following the price movement of ETH and making informed decisions based on your own risk tolerance and investment goals will be key to seizing potential opportunities.
ETH9.8%
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
  • 8
  • Repost
  • Share
Comment
0/400
MetaverseLandlordvip
· 08-07 21:45
Listen to the suckers' cries
View OriginalReply0
CryptoCross-TalkClubvip
· 08-07 09:08
Enter the Bear Market and start dancing~ Suckers have a lot of fun when they come in.
View OriginalReply0
BlockTalkvip
· 08-06 19:24
Get on board, is that it?
View OriginalReply0
RugResistantvip
· 08-05 08:51
detected potential whale manipulation at 3600. stay frosty anon
Reply0
AirdropCollectorvip
· 08-05 08:46
It's a good time to Be Played for Suckers.
View OriginalReply0
DarkPoolWatchervip
· 08-05 08:41
3590 is the bottom, it's stable.
View OriginalReply0
StableBoivip
· 08-05 08:36
Bear bear
View OriginalReply0
BlockchainBouncervip
· 08-05 08:29
Get out of positions and just slip away. I don't understand anything.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 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)