Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

#数字资产市场观察 November 2 Ethereum midday interpretation



Looking at the 4-hour trend, ETH has dropped quite directly this time, with a one-sided sell-off that shows no mercy. Although there is a slight rebound, the volume clearly cannot keep up, and the bulls basically have no fighting power at this moment. This kind of rebound is frankly just a technical breather during a downtrend, and the trend has not yet reversed, so the strategy should still lean towards shorting.

Trading idea: You might consider placing short positions in the range of $ETH 2830 to 2850, with the initial target around 2760, and further monitoring the position at 2720. Remember to manage your positions well and avoid chasing highs.
ETH7.4%
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
  • 3
  • Repost
  • Share
Comment
0/400
ZkSnarkervip
· 15h ago
well technically, that "technical bounce" is just eth holders copium in chart form lmao. the volume says it all—nobody's actually buying this dip, they're just... existing through it. anyway, shorting 2830-2850 seems reasonable if you enjoy watching your liquidation ladder get tested at 3am
Reply0
GasFeeCryvip
· 15h ago
Again it has crashed, long positions really should go to sleep, a rebound is just an opportunity to lose your head.
View OriginalReply0
MysteriousZhangvip
· 15h ago
There has been both a drop and a lack of volume; this rebound is just a dead cat bounce, and going down is only a matter of time.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 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)