ETH short-term weak consolidation long-term bullish
ETH daily trend, from December 18 to the present, the overall trend is still in the rising channel all the way up concussion. After reaching the bottom of $80 in December 18, the currency rose to the highest of $366 in 1999, then dropped sharply to the lowest of $191 and then rose back to the current $224. In the long run, the overall trend is still relatively strong. Last week, after falling below the M-head and neck support of the upper daily line, the currency ushered in an accelerated downward trend, and the lower edge of the lower passage appeared in the Japanese K. However, it was immediately pulled back by the volume, which has not been broken these days and has been slightly shocked along the lower edge. Volume can be sharply attenuated, and has greatly attenuated to the cross-disk shocks near the earlier lower edge. The level indicates that the trend of weak shocks will continue in the near future. As long as it does not fall below the trend support, long-term money holdings can continue to rise. Short-term pressure is $220, supporting $200.
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