August 9: Ethereum stands out as a crowd favorite: waiting for the wilting of the myriad flowers?

In this round of the bull market, Bitcoin has always led the way and repeatedly hit historical highs, while Ether has been quite mediocre and weak, facing criticism from many as a junk coin and negative news. The reason for its prolonged stagnation is partly due to the fact that many people hold Ether spot and are reluctant to sell. Therefore, the whales certainly need to use some means to encourage some people to sell their coins, and then they will buy at a lower position. This approach is undoubtedly their usual style. I, Lao Wang, have always been a believer in Ethereum. When Ether fell to 1600-1500-1400 in the first half of the year, I was consistently advising everyone in the live stream and short videos to gradually accumulate and be patient with time. The previous two videos discussed whether this round of the bull market is over, which depends on when this wave of Ether's rise will end. As long as Ether ends, the entire crypto market will turn from bull to bear. This round of the rise has already formed a Morning Star bullish pattern on the monthly, weekly, and daily charts. From a technical perspective, we need to pay close attention to the key point of 4100 for Ether. If it breaks through and stabilizes here, the next level will be 4350-4400. If it doesn't break through, be aware that there will be a slight pullback demand. Looking at the cycle chart, there are no signs of volume contraction. I believe that currently, it is better to watch more and do less. Some of my fans have laid out positions above 1000 and haven't sold all, believing that they can continue to hold. There is no need to sell everything bought at this price. Who knows when it will be possible to buy at this position again? Just treat it as a long-term hold. After all, it has doubled, and keeping it inside is just a bit of profit. If you really can't resist wanting to trade, brothers can place a short order at 4120, with a risk control of 25 points, and a long order at 4010, with a risk control of 32 points. Buy when there is no one asking, sell when the crowd is excited. Approach any rise or fall rationally, and wish you all good luck.