Saturday Afternoon Ethereum Latest Market Analysis
Looking back at the long position strategy from midnight yesterday, Ethereum rose to a high around the 1860 line in the evening, and then faced resistance and fell back, currently oscillating around the 1820 line in real trading. Our afternoon strategy remains to hold a long position in line with the trend.
The 4-hour chart for Ethereum shows a rebound hitting the upper resistance and then falling back. It is currently competing for a breakthrough in the range of 1900-1700. The downward wave continues but has not temporarily broken the low, resulting in insufficient continuation of space, along with back-and-forth fluctuations to wash out and correct indicators. The 1-hour chart has dropped from the upper Bollinger Band to the middle band. It is just operating within a contraction range, with weak continuity. In the short term, it is treated as oscillating within the Silk Road, and today also looks to operate within that range.
Operation Suggestions
Long in the range of 1770-1800, target 1880.
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