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Those two big red candles on ETH this morning probably made quite a few people panic sell and leave the market. What's even more interesting is that there were quite a lot of people chasing the short—otherwise, we wouldn't see such a textbook deep V-shaped reversal.
The question now is: if ETH can hold steady at 3100 today, is there a chance to push up to 3300 tomorrow? With market sentiment swinging back and forth like this, there’s definitely plenty of room for trading opportunities.