April 24: Will Ethereum Break Out of the Arc Top Pattern on the Hourly Level?

Ethereum has broken below the 200-day moving average on the four-hour level, forming an arc top pattern on the hourly level: Currently, we are temporarily watching the mid-band of the Bollinger Bands at 1700; if this breaks, Ethereum could further push down to around 1660. From the four-hour perspective, there are signs of a shift in the market, with the bears showing signs of strength. Long positions need to pay attention to risk control: just focus on the main support levels. This round of decline also involves the liquidation of long leverage demand.

Evening Entry Strategy

1750 South: Risk control of 27 points; target of 40 points:

1705 North: Risk control of 15 points; target of 30 points: If it fails, do not immediately reverse to go south.