Ethereum market analysis

The situation of Ethereum, from a long and short perspective, has been discussed many times. In the current position, it has actually fluctuated back and forth many times. There is support below and resistance above. It tried to break through yesterday and then pulled back. So this is a very unique market situation. In this case, it is difficult to make money whether you are long or short. If you are greedy, I told you clearly in yesterday’s program. From a long and short perspective, a rise is not necessarily a true breakthrough, but more likely a false breakthrough. Likewise, declines tend to be false breakouts. In this case, the only possible bullish scenario is a consolidation triangle pattern. But unexpectedly, this form also broke through. In this position, I would not use the 123 rule. I told you before in yesterday’s show that when the market makes higher highs and lower lows, the market tends to form a consolidation triangle pattern and then determines the direction of future trends. The direction could be to the upside, but I am currently leaning towards the downside as Ethereum longs have the most liquidity, but he should drop to around 2855 or 2885 for multiple tests.