$ETH
⚠️ Is ETH about to break? Don't rush to send money! Can it hold at 2000?
According to technical analysis based on the theory of Chan, ETH experienced a 30-minute level top divergence around 7 AM yesterday, which triggered this four-hour level decline (a segment of the 30-minute line). Currently, ETH already has a 30-minute level structure but it's non-divergent. If a four-hour bottom pattern + 30-minute level structure + 30-minute second buy appears, then our opportunity to go long will come. For now, let's remain patient.
Moreover, from the historical candlestick perspective, it's generally likely for daily lows to decrease for three consecutive days, and there is still a high probability of continuing to drop for a few more days. If ETH breaks below the 2000 neckline and heads towards 1900, the probability is quite significant. For beginners, given the recent volatile market conditions, it’s better not to play short-term trades; instead, we could aim for a medium-term gain of about 15-20 points, which would be quite comfortable. The target remains around 2400.