5 Night Ether Market Analysis and Trading Suggestions

Ether has pulled back from 4591 to 4438.2. Currently, it is the weekend, and it is basically in a sideways consolidation. There are no signs of any pullback at the daily level! It is somewhat in a situation of luring shorts; going short can only be done for a short term! Now is not the time for short positions.
Today, the short-term support for Ether is at 4430. If it holds, there will still be a chance to continue pushing higher! The resistance above is at 4580. Consider entering low long positions for Ether, which is currently in a range-bound oscillation! It is oscillating in the 4440--4540 range, and will likely consolidate over the weekend, leading to many bears continuing to enter! However, during the weekend's oscillation, it's enough to take short positions, so don't be too greedy to avoid a trend reversal!

At night, Ether can be positioned for long positions around 4410--4430, looking towards 4460--4500.
Stop loss moved to 4380!
This time it surged straight from around 3820 to 4591! Be wary of a big sell-off over the weekend!
Go long and set your take profit and stop loss!
The specific order is based on the actual market situation, which is constantly changing!
Personally, I feel that Ether has not yet retraced to the right level, be cautious of the doge traders causing trouble in the early morning! If you have time to watch the market, I suggest moving your stop-loss!

ETH-0.57%

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