Will Ethereum break the $400 mark?

[Foreword]: Good weekend everyone, I am a currency holder, focusing on currency market analysis. For trends, you must have a long-term vision, and for market conditions, you must have a long-term plan, and skills and skills are the key.

[ETH news] Recently, Grayscale Trust has made new moves. It has not continued to buy bitcoins in the past few weeks. Grayscale Bitcoin Trust has bought 4166 bitcoins again, and its asset management scale has reached 5.7 billion US dollars. Among them, Bitcoin assets reached 4.7 billion US dollars, accounting for more than 90% of the total assets. Colleague Grayscale also submitted an application for the registration of the Ethereum Trust to the SEC, preparing to continue to increase its holdings of Ethereum, which is also powerful news for Ethereum.

Currency holders [ETH market review and analysis] According to the data, the current 24-hour large-amount multi-order liquidation has reached 35.6542 million. At present, the perpetual open interest of Ethereum has decreased compared with yesterday. In recent days, Ethereum has been in a period of consolidation, and the fluctuations are not large. On the contrary, the overall trend is in a negative decline. This morning, the Ethereum market linked to Bitcoin pierced the support level of 371.96, and the daily lowest point reached the 365 line. At present, the overall market is in a slight rebound stage.In the 4-hour chart, the downward trend last night has broken the narrow range of the currency price. At present, the currency price has a trend of falling below the lower track (376.37), and the upper 400 barrier cannot be broken in the evening. The downward trend of the currency price is inevitable Yes, the strong support position below is the Fibonacci retracement line of 371.96. The current market is at the bottom of the box in the coin holder's chart. If the box breaks, the downward trend is inevitable.

Currency holders [ETH/USDT Operation Suggestions] 1. Enter the market with short orders near 410-415 without breaking through, target 384-390, stop loss 415. 2. Step back and enter the market with long orders near 371-375, target 385 -388, stop loss below 317.