In addition to crypto, life includes the World Cup too:). We have prepared various interesting activities. Sypool ian, come and enjoy the World Cup with us.
Let's go back to this week's recap, when other assets entered a correction after rebound, the crypto was mired in the mud. After the SBF event, the price fluctuated in a narrower range again. The market lost confidence and we see FUD in Telegram and Discord of various projects. It's going to be a long-time recovery, like what Luna event caused. But keeping crypto-spirit is more important than speculating, which teach you more about the evolution of organization, convenient interaction and future. Likewise, for the market, trouble make it mature.
ETH also broke the given support level and previous low just now. Compared with BTC, the bears of ETH is stronger, which may be caused by the selling pressure of FTX hackers. On Wednesday, the bears had already started attacking. When the price approached 1200, the bulls is still weak. After fluctuating in a narrow range for three days, the price rarely dumped on Sunday, a low -circulation-day in the past, and kept falling on Monday. The gap between bulls and bears is huge.
Conclusion: Mostly falling. Based on the advantages formed in the previous period, the current price of ETH is above the low point of this year. We lowered the resistance level to 1200, and lowered the support level to 1000, which is also the low of the year. In addition. If the price breaks through 1000 quickly this week, the volatility of ETH may increase due to the impact of Defi liquidation.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Let's go back to this week's recap, when other assets entered a correction after rebound, the crypto was mired in the mud. After the SBF event, the price fluctuated in a narrower range again. The market lost confidence and we see FUD in Telegram and Discord of various projects. It's going to be a long-time recovery, like what Luna event caused. But keeping crypto-spirit is more important than speculating, which teach you more about the evolution of organization, convenient interaction and future. Likewise, for the market, trouble make it mature.
ETH also broke the given support level and previous low just now. Compared with BTC, the bears of ETH is stronger, which may be caused by the selling pressure of FTX hackers. On Wednesday, the bears had already started attacking. When the price approached 1200, the bulls is still weak. After fluctuating in a narrow range for three days, the price rarely dumped on Sunday, a low -circulation-day in the past, and kept falling on Monday. The gap between bulls and bears is huge.
Conclusion: Mostly falling. Based on the advantages formed in the previous period, the current price of ETH is above the low point of this year. We lowered the resistance level to 1200, and lowered the support level to 1000, which is also the low of the year. In addition. If the price breaks through 1000 quickly this week, the volatility of ETH may increase due to the impact of Defi liquidation.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
