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The current Ethereum market is within expectations. Yesterday during the day, a short order was given in the range of 4060-4086, with the highest point reaching around 4083, while the bottom was given at 3920-3980.
The market's lowest point reached 3918, while also providing a short order at 3920. This morning, the highest point approached 4000, which is your result from yesterday.
Currently, the 6-8 hour 4086 still determines the space for the subsequent decline 📉, and the pullbacks in these two cycles are quite important. The first support to note below is 3904, and the second support is in the range of 3813-3758.
These positions ultimately determine the strength of the current cycle's rebound. If the support below is valid, it is possible that the current level will continue to challenge the pressure around 4157-4173. Unify the long order stop loss at 3710.
In the daily chart, as we discussed in yesterday's live broadcast, 4086-4100 is the range that determines the downward space of the daily chart. We still need to pay attention to the range market of 4013-3720.
The extended area below is around 3653-3616, and the upper extended pressure is 4050-4116. These positions are good spots for your trading.
In the bear market adjustment, it is important to defend around 3323, ultimately waiting to bottom out around 2930-2820.
The above opinions are for reference only and do not constitute investment advice.
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