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The Nasdaq opened more than 300 points higher. Ethereum is likely to have a wave of catch-up gains later. So I closed my long position on Ethereum for now, and will re-enter around 2380 later.
From the 4-hour structure, Ethereum is currently forming a triangle consolidation, and the market is starting to compress. The upper boundary is approximately around 2380, which is also near the upper band of the 4-hour Bollinger Bands.
Overall, Ethereum's trend is weaker, and the 2380 level corresponds to previous dense zones and resistance areas. This level is very suitable for short positions. #WCTC交易王PK $ETH #美伊谈判陷入僵局