ETH experienced an overall trend of rapid rise and slow decline yesterday. Last night, the non-farm payroll data was released, which had little impact on the market, and the prices surged again before retreating. In the evening, the market fluctuated upwards, reaching a high of around 1870 before being resisted and falling back, with a low of near 1830 providing support for a rebound. Currently, the price is operating around 1820. On the four-hour chart, the market's second rebound has not broken the previous high, indicating significant resistance at this position. After a series of bullish candles, it has closed with a bearish candle. Although there was a rebound this morning, the momentum was weak and could not be sustained. The MACD indicator shows a convergence of both lines with signs of a dead cross. From the market perspective, there is still a demand for downward movement. In the short term, pay attention to the support situation of the MA30 moving average; if it breaks, it will test the MA120 area. The fluctuating market requires a bit more patience. On the daily chart, the overall trend remains fluctuating, with technical indicators contradictory. Watch for the resistance of the MA90 above; if it breaks and stabilizes, there may be potential for continued upward movement. Due to the weekend, fluctuations are expected to be small, presenting a fluctuating market. The intraday strategy suggests treating it with a low buy and high sell approach.
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