In the one-hour cycle of Ethereum, to be precise, it still lacks a fall📉, just reaching the yellow rectangle position to complete.

However, the direction is determined by the $4270 on the daily chart, which was also mentioned in yesterday's video.

If you executed yesterday's strategy, I believe your gains are quite good.

In the larger context, 4270 is crucial, as it determines whether the daily chart can form a head and shoulders bottom pattern.

However, to form an effective breakthrough, it must be strong and powerful. Otherwise, it will continue to adjust to the 2-3 day line.

Then the two-day line still needs to defend the support level around 3960, while the 3-5 day line is in a bearish adjustment.

The above views are for reference only and do not constitute investment advice.