$ETH ASR-VC indicator 4h channel status update:
ETH price has once again tested the yellow line on the oscillator channel due to BTC's rapid pullback, and its overall performance is currently much stronger than BTC.
As long as the yellow line does not fall, then as long as BTC rebounds in the future, then ETH is very likely to over-rebound again to test the orange line, which is the red supply area at the current high.
Purely from the trend structure, BTC has fallen into a situation where the bull trend has ended and fluctuated weakly, while ETH still maintains a strong bull trend.
Although it sounds counterintuitive, the current ETH is the BTC of a year ago, while the BTC suppressed by the whale is now more like the previous ETH.
Therefore, if you have any plans to increase your spot position and buy the bottom, I actually recommend choosing ETH instead of BTC...
$ETH ASR-VC indicator 4h channel status update:
The expectation has been fully fulfilled, the price has been pulled back to 3500, and at present, it seems that the yellow line on the oscillation channel has been tested to support effectively.
I only see 3500 at the moment of the pullback expectation of ETH in the past few days, because if it falls below 3500, the structure of the strong bull trend will change...
For the current collective bearish voice of ETH, I want to say that many people look at the pullback all the way, look at the pullback, from 2500 to 3800, and then there is a 300 pullback and they will climax...
That's a good thing!
Because this wave of spot buying has pushed the price to near the previous high, it has been done with benevolence, and then it will rely on futures shorts to push the price...
As long as someone is willing to short ETH, then the price has the momentum to break new highs!
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