Hello everyone, I am Eleven.Ethereum ETH, as a highly regarded cryptocurrency, I believe some friends have been following it recently, just like Eleven
Hello everyone, I am Eleven.
Ethereum ETH, as a highly regarded cryptocurrency, I believe some friends have been following it recently, just like Eleven. If you are interested in this topic, let's take a look together!
Let's take a look at the recent price trends of Ethereum. The current price is around $1770, and at this price point, many participants have opened long positions. This means that once the price drops to $1760, there is a high possibility of a large number of multiple positions being closed, leading to a price drop. On the other hand, XI believes that if the price rises to $1850, participants will receive benefits.
Next, we can see from the chart that long positions are mainly concentrated between 1530 to 1600 yuan. Although 11 believes that it may push prices below this range, from the current market situation, 11 believes that this possibility is not high at present. In addition, the trading volume in the nearby area is also relatively small, so XI believes that it will take some time to accumulate in order to trigger a new round of upward trend.
Overall, Eleven believes that the current price trend of Ethereum (ETH) has been influenced by various factors, including the distribution of long short positions, trading volume, and market sentiment. Although long positions currently dominate, there is still some uncertainty in the price trend.
The above analysis only represents personal opinions and does not represent any suggestions for participation.
If you have any questions, you can ask me directly. As long as you know it on November 11th, you will definitely know everything!
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