Ethereum Update Ethereum traders, remember the 3085 level well. Any break above it will turn into strong support, and any real break below it will form strong resistance. The market is moving sideways on the 4-hour and lower timeframes, which is certainly consistent with Bitcoin's movement. At this time, it's best to wait. For those who want to trade, here's just one piece of advice: Don't be greedy. Set your target at only 10% to 20% and rely on quick trades. The trend on the daily timeframe is downward, and if we look at the monthly timeframe, you'll see that the price is heading towards a crucial confluence point. Wait for it to reach it.
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$ETH
Ethereum Update
Ethereum traders, remember the 3085 level well.
Any break above it will turn into strong support, and any real break below it will form strong resistance. The market is moving sideways on the 4-hour and lower timeframes, which is certainly consistent with Bitcoin's movement. At this time, it's best to wait. For those who want to trade, here's just one piece of advice: Don't be greedy. Set your target at only 10% to 20% and rely on quick trades. The trend on the daily timeframe is downward, and if we look at the monthly timeframe, you'll see that the price is heading towards a crucial confluence point. Wait for it to reach it.