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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
Through an in-depth analysis of Ethereum's price movement, I found that the market currently seems to be facing significant resistance. The top for Ethereum is around $4370, while the high point pressure from August 12 is concentrated around $4330. Breaking through this range appears to be exceptionally difficult, with a large number of investors choosing to engage in shorting here.
From the daily chart perspective, the price may pull back to around $2880. Based on this judgment, I have established a large shorting position around $4290. Of course, the market is ever-changing, and this decision carries considerable risk.
If the market goes against my expectations and reaches new highs, I may consider exiting cryptocurrency trading. Years of trading experience have given me a deep understanding of the complexity and unpredictability of the market.
Regardless of the outcome, investors should act cautiously and manage risks wisely. The cryptocurrency market is highly volatile, presenting both opportunities and challenges. It is important to remain calm, conduct thorough research and analysis, rather than blindly following the judgments of others.