$ETH
The daily level of Ethereum is also in a low-level consolidation. After a series of consecutive bearish candles recently, it continued to decline this morning. Currently, it is undergoing a local correction at a low point, with the downward trend slowing down as it enters an adjustment phase.
On the four-hour level, the Bollinger Bands show signs of contraction. It quickly retracted from the high point to the morning's low point, entering a phase of oscillation and recovery around noon. This type of small cycle adjustment rhythm is quite common, more of a short-term consolidation rather than a trend change.
In the short term, Ethereum is expected to initiate a bullish recovery.
Ethereum's midday trading suggestion: Look for bullish trends in the range of 2465-2440, with a target focus on 2600.
