
                                    <div>
                                      <h3>Market View</h3>
                                      <p>Bullish on OG, expecting a squeeze upward</p>
                                      <h3>Trading Strategy</h3>
                                      <p>Wait for a break of the diagonal resistance before entering, looking for a squeeze move</p>
                                      <h3>Core Logic</h3>
                                      <p>OG reclaimed previous support after deviation, similar big launches often see such squeezes after initial sell-offs</p>
                                    </div>
                                    

#OG Deviated below its previous support and is now holding it as support.
I want to see a break of that diagonal level to get a squeeze going on this.
Generally these big launches that sell off afterwards do tend to see a move like that at some point.

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Ethereum price has confirmed a bearish failed auction near $3,300, signaling acceptance below resistance and increasing the risk of a deeper corrective move toward lower support.
Summary
$3,300 reject...

Ethereum price confirms bearish failed auction, breakdown risk grows

Author | a16z crypto
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: In 2025, Zcash's surge reignited the privacy narrative in the crypto industry. More often than not, we see only the rising tide of emotion and the influx of capital; many may believe this is merely a temporary emotional surge, lacking an understanding of the narrative's sustainability. a16z crypto's latest report, "Privacy Trends...",...