$ETH Evening Report | Brother Rui's Perspective (4.27)

The current situation is summarized in one sentence: it’s swinging sideways, but still relatively strong.
The price is fluctuating around 2300, unable to break above 2400, but every dip is being bought up, unable to fall further; overall, it’s a relatively strong oscillation, waiting for an upward trend to emerge.
Although there are differing views on capital flow: some are reducing holdings to pressure the market, but large funds are quietly accumulating, indicating there are buyers below, not purely weak.
Brother Rui directly states the conclusion: this is not a downtrend, but a sideways correction with a bullish bias.
Don’t chase the high, but dips can be an opportunity to buy;
Don’t get caught up in short positions, consider shorting if it rises without breaking higher.
At this position, it looks more like the main players are repositioning at low levels; an upward move is just a matter of time.
‍$PRL

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