[Ethereum Market Analysis and Trading Suggestions]
Market Review for Yesterday and Today: Since yesterday afternoon, ETH has entered a high-level consolidation pattern. The market rhythm during this phase is relatively clear, and trend-following operations still present more defined profit opportunities.
Intraday trend forecast: It is expected that the hourly V-shaped fluctuation structure will continue during the day; in the evening, with the opening of the US stock market, market volatility is likely to increase, which may guide directional breakthroughs. Regardless of holding long or short positions, close attention must be paid to the evening market developments, and risk control should be observed.
4-hour technical signals: The price is currently operating between the upper and middle Bollinger Bands, with the RSI three lines in the balance area and beginning to turn downwards, indicating a short-term pullback demand. In summary, it is highly likely that there will be a pullback for correction during the day, followed by a rebound.
Operational Suggestions: - Entry Area: Short position near 4420-4410 - Target range: 4280-4250 around #Gate重磅上线GUSD#
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[Ethereum Market Analysis and Trading Suggestions]
Market Review for Yesterday and Today: Since yesterday afternoon, ETH has entered a high-level consolidation pattern. The market rhythm during this phase is relatively clear, and trend-following operations still present more defined profit opportunities.
Intraday trend forecast: It is expected that the hourly V-shaped fluctuation structure will continue during the day; in the evening, with the opening of the US stock market, market volatility is likely to increase, which may guide directional breakthroughs. Regardless of holding long or short positions, close attention must be paid to the evening market developments, and risk control should be observed.
4-hour technical signals: The price is currently operating between the upper and middle Bollinger Bands, with the RSI three lines in the balance area and beginning to turn downwards, indicating a short-term pullback demand. In summary, it is highly likely that there will be a pullback for correction during the day, followed by a rebound.
Operational Suggestions:
- Entry Area: Short position near 4420-4410
- Target range: 4280-4250 around #Gate重磅上线GUSD#