Ether began to rebound after hitting a low of 1825, reaching a peak of 1872.
It follows the rhythm of Bitcoin but is relatively weaker.
The 1-hour chart shows strong buying support in the 1800-1830 range, but the 1900 level faces selling pressure. However, the bullish trend remains unchanged, and we need to pay attention to signs of stabilization after a pullback.
After breaking down yesterday, the continuation of the market is very obvious. The rhythm of rising after the breakout is the rule of recent market trends. I've often mentioned that without breaking, there is no standing; once a breakout occurs, we follow the trend, and we can generally capture good space.
It’s still a step-back-and-look approach, where after a high push, there is a pullback for adjustment, and after the adjustment, it pushes higher to refresh the high points. Under this kind of trend, the operation becomes relatively clear.
In a bullish trend, patiently wait for opportunities to continue buying at lower levels after a pullback.
Especially after a breakout action, just continue to buy after a pullback.
Last night, I had a bit too much to drink and didn’t open, please pay attention to my notification today.
