7.27 Ether thinking

Yesterday, Ether once surged to 3780, then fell back to a safe range. To be honest, Lu Yao always believes that to trade Ether, one either has to be very precise in judgment, or should not touch it easily—recent fluctuations have been really too large.

The current daily level is still in a consolidation phase, with a dead cross formed. It is important to pay attention to changes in trading volume. The weekly trend has shown some signs of recovery, so it is advisable to keep an eye on fundamental information and the Federal Reserve's interest rate cut process. The expectation for today is to maintain consolidation. Given the continuous decline from the previous day and a rebound yesterday, a high sell-low buy strategy is indeed easier to implement. Here’s a point for everyone to go long on Ether.

Ether: Short in the 3750-3780 range, target 3600, if it breaks, then look at 3400, each should strictly maintain defense. #BTC#