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#ETH
Last night, I suggested everyone take long positions around 2880-85. The price reached a high of 2950 and quickly hit the take-profit level. I am still holding this long position.
ETH has now broken through the downtrend line, and in the short term, it is also consolidating upward. I personally believe it will go to higher levels. Keep an eye on BTC reaching around 89218, then look for shorting opportunities on ETH.
Today’s outlook:
Long positions: Continue to monitor the price action around 2778. Be cautious as the risk is higher for long positions.
Short positions:
1. Focus mainly on two previous high lines, 3018 and 3056, and see which one shows a false breakout first. (This short setup is best combined with BTC reaching around 92216)
2. Also watch the 0.618 Fibonacci level at 2961