$ETH Evening Thoughts:
Erbing (Ethereum) is really facing a lot of challenges, and now it's stuck at 1850 again. Other coins have crossed a hurdle and are on a smooth path ahead.
Erbing has crossed a hurdle but there's still a pit ahead, with some water in the pit and a couple of nails in the water.
Erbing is really tough, you need to work harder, Erbing.
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Speaking with visuals: The yellow arrow on the 4-hour chart points to this bearish candle. If a strong bullish candle does not appear to engulf this bearish candle, Erbing must retrace; let's wait and see.
Erbing should break through 1823 with volume and chase long positions on the right side, while breaking down below 1816 with volume should lead to short positions on the right side. Pay attention to changes in volume and set your stop-loss accordingly.
I'm not one to ramble on; if you want to keep up with me, find your own reasons if you can't.
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Erbing must stabilize above 1836 to challenge the upper target positions of 1850-1872-1916. If it can't reach, it's all in vain.
On the 4-hour chart, if 1810 breaks down, look down to 1779-1746. Considering Erbing on the hourly chart, since it doesn't want to move upward.
I'll point you a clear path downwards to look for stronger support to activate buying pressure pushing upward.
Students, pay attention to the non-farm payroll data and unemployment rate data at 8:30 tonight. Be cautious of short-term volatility, set your stop-loss, and disperse the meeting.