Ether market analysis

Last week, I discussed the market of Ether with you for three days, sharing my analysis and predictions. I think there’s going to be a catch-up rally in Ether, especially as I highlighted on Thursday’s show. I mentioned that when Ether reaches a certain key level, it can be considered bullish and recommend setting the stop loss level below $3,400.

In my analysis, Ether is expected to rise and test the $3,700 resistance level. This is based on the judgment of the bullish market trend. Nonetheless, I would also like to caution everyone to pay attention to risk management, as the market is always uncertain. For example, if the U.S. suddenly announces its refusal to approve an Ether-related ETF product, market sentiment could be affected.

It is precisely because of this uncertainty that we need to set a stop loss when making a trade, giving the market a chance that it may reverse our expectations. No one can always correctly predict market movements unless he is the controller of the market. Therefore, the right risk management and stop-loss strategy is crucial.

I also mentioned a point of concern: long liquidity is around $3,465. If the market bounces back at this level, then this could be a bullish signal.