Temporarily wait and see ETH market

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It can be seen that the recent trend of ETH price is an upward channel, and the overall increase rate has reached 60%. Such a rapid increase is not normal in the environment of the bear market. 1716 will be a strong resistance level. If the price rises to 1716, you can go short after observing whether it is a false breakout. Now opening a position, whether it is long or short, is very risky, so it is not recommended for traders to open a position.If you read our analysis earlier, traders who are long at 1100 can consider taking profit near 1600.