2024-10-03 01:57:34

Daily Analysis - #ETH

1. The weekly chart last week indicated risks, with the Trading Volume not matching the Candlestick body and efforts yielding no results. The downside risk remains significant this week, and it is currently being validated. The key support level is 2236.
2. The hourly chart has entered a full arrangement of shorts. It fell below the key support level 2414-2424 in the early morning. Today, this range will be converted into a resistance level and is the middle position of SOW. This range can be used as the main shorting point and entered based on the minute level.
3. BTC broke below the convergence point of the three lines but closed as a doji. The supply did not increase, so it will have a different trend from ETH. It is recommended not to short synchronously.

ETH-0,86%

BTC-0,9%

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