#ETH Update

The liquidity at the low point didn't react strongly after being absorbed, and the price broke through the support zone, thus turning the support zone into a resistance zone.

Since we've continued the trend of the descending triangle, in the short term, we should first focus on the next support (S/R). Look for some bullish signals here.

Some people asked me why I don't short in a downtrend. Because no shorting signals that meet trading expectations have appeared, I have to give up. If you don't want to go long, then patiently wait for the support around 2000 before participating in long trades.

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#ETH Update

The support around 2400 failed to hold; there was no consolidation, and no trading signals appeared.

Therefore, I will be watching the next support zone of 1800-2111.

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