$ETH What will the next trend be?
Ethereum has gone through a deep washout yesterday, and the long positions have been mostly cleared. Is the current market going to continue to probe downwards or will it rise again? Will the domestic funds in China bottom-fishing tomorrow drive the market up?
San Jin Ge still believes the trend will be bullish primarily because liquidity tends to be poor over the weekend. Without the buying volume from the U.S. stock market, it’s difficult to maintain the current coin prices. Therefore, currently, there is some capital protecting the market from falling, but the volume isn't enough to drive the market upwards. As long as it doesn’t break the key support level of 1960 during the day, this is considered the bottom range for Ethereum. However, it can't be said with 100% certainty due to the uncertainty factor of the 'King of Understanding'.
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