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#BTC #ETH #TRAMPCOIN Did ETH fail to break through? What's next?
Yesterday, the situation of ETH and the currency circle was very good, but unfortunately, there was a double blow. Trump announced a 25% tariff on China, Canada, and Mexico, causing a sharp decline in the US stock market and the currency circle. So unfortunately, ETH encountered a sudden small negative factor just as it was gaining momentum. Can ETH still rise afterwards?
From the K-line perspective, ETH is currently back below the resistance line, so in order to maintain the upward trend, it needs to regain its position above it. This would be a signal for a comprehensive long position, waiting for its breakthrough.
There is a pattern in the cryptocurrency market, which is that it always rises in February. Take a look at 2021 and 2024, the cryptocurrency market follows this pattern: it starts to rise in October and reaches its peak in January. Then it experiences a sharp decline and rebound in February.....🥰
And like last year and March 2023, there will be a bullish upgrade of Ethereum, which has historically resulted in approximately 100% price increase each time. Therefore, the surge in February and March can be seen as an opportune moment, and sudden market news will not affect the overall trend.
So everyone just needs to be patient and learn more about the market framework and the experiences of old investors. Pay attention to the points that you haven't paid attention to before. Let's encourage each other.