🔹 The thorn in everyone's heart of Ethereum 🔹 The current overall market discussion on ETH has reached a small climax, and every short-term fluctuation of ETH will attract high attention from the market. After all, we have been deeply hurt by its repeated backstabbing Always holding higher expectations, hoping for its king's return Even the 'Doomsday Chariot' in everyone's hearts has been replaced by ETH. The former king dominated the altcoin market for several years, commanding all the altcoins to rise. Now, it's doing well and has never been so disappointing Returning to the market, we are examining it once again. Can it work this time? Let's first look at Figure 1. The core suppression range of the daily chart is located between 2830-2888, which is considered an important watershed for the ETH stage market. Only when this range can there be a surge in buying volume or a breakthrough in buying volume, can there be a chance to further open up upward space Develop a trading plan based on this range Looking at Figure 2 again, according to the VDchart chip distribution chart, the delta trading volume difference of the overall trading volume VP1 from March 12, 2024 is negative, which means that the overall selling trading volume is greater than the buying volume This is in line with the relationship between quantity and price, as the overall trend is indeed a gradual downward shift of high and low points I have popularized the basic knowledge of the relationship between quantity and price in this X article. https://(x.com)/PPai_Crypto/status/1930553869320516083 We will skip VP2 and VP3 without further explanation and look at VP4. The chip distribution of VP4 shows that the overall delta trading volume difference is positive, which means that the buying volume is greater than the selling volume. At the same time, we found that the price has also achieved an upward trend, realizing a unified trend of quantity and price From the perspective of VP4, this is actually a good bullish continuation signal, but it should be noted that the distribution of chips is dynamic data statistics, and it is necessary to constantly pay attention to changes in the data Furthermore, we can clearly see from this indicator that the focused prices of POC core chips in the graph are roughly distributed in the range of 2530-2546 from VP1-VP4 That is to say, based on the current data, the current price range is the key factor determining the subsequent development of the market. If the subsequent data remains unchanged, once this range is continuously lost, the market will face the possibility of a significant decline Of course, if the price remains above this range, there may be a greater chance for the price to continue expanding upwards In actual trading, it is best to combine other indicators or technical analysis to jointly judge and develop a reasonable trading plan Alright, that's all. So, is Ethereum more likely to be bullish or bearish? At present, I cannot determine the direction with a high probability in my trading system, whether to continue bullish or bearish. I can only follow the development of the trend and execute the final trading plan based on data and patterns Unlike Bitcoin, as early as June 5th, I made it clear that there would be a new round of upward trend in the future, and bought at the low level of market panic ETH currently has both long and short positions with a suppression range on the top and core chips as support on the bottom Subjectively speaking, I hope Ethereum can further rise. At least this time, don't backstab those who are looking forward to it anymore. After all, BlackRock's crazy buying and selling may also encounter backstabbing, right? Thank you for your patience. I managed to read it to the end and like it! Help you get rich sooner or later! END.