Monday Afternoon Thoughts, Latest Ethereum Market Analysis
Looking back at the long position suggested in the afternoon, the actual Ethereum market did not show much volatility, and although we did not get the expected pullback, it is worth noting that in the afternoon it touched the 1830 line before starting to decline and is now consolidating around the 1800 line. In the afternoon, we still maintain the idea of pulling back to go long, and in the short term, we can take a light short position once to see if there is a pullback.
The 4-hour chart of Ethereum shows a rebound hitting the upper resistance and then falling back. Currently, it is fighting to break through the range of 1900-1700. The downward wave pattern continues, and it has not yet broken the low point, making the continuation space insufficient, accompanied by back-and-forth fluctuations to wash out and correct indicators. The 1-hour chart shows a drop from the upper Bollinger Band to the middle band. We will see if it can break below the 1800 mark.
Afternoon Trading Suggestions:
Ethereum around 1770, target 1850.
#以太坊ETF批准预期