Good morning, brothers. Yesterday was spent moving sideways all day. In the early morning, while everyone was asleep, I quietly left the space. The chain indicated 106500, and the lowest came down to 104225, with a movement of 2300. Throughout the day, it reached a low of around 2486, with a movement of 84. It has been declining for two consecutive days, driven by events—one being the California incident, and the other being the escalation in the Middle East. The situation worsened over the weekend, but there hasn't been a significant drop.
The big coin has recorded two hammer candlesticks in a row, which suggests a weakening of the upward momentum. Of course, the daily signal still leans towards bullish, with a decrease in trading volume, MACD showing a red bar below the zero line, and KDJ turning down. The 4-hour chart is slowly shifting to a bullish trend, with MACD’s red bar nearing the zero line and KDJ making a second golden cross turning upwards. The bullish signal on the 4-hour and hourly levels is somewhat weaker, but there is still a chance to test the range of 106200-106700. Throughout the day, the focus is on whether it can stabilize at 106200; if it can, we can look to continue upwards towards 108300. The strategy for the day is to go bullish first and bearish later.
Low bullish range
105000-300 bullish, 106500 strong resistance, look for 108300, defend near 104000
High bearish strategy
106500-6800 bearish, 107500 add bearish, defend above 108400, look for 104500 strong resistance, look for 103800
Ethereum has had four consecutive negative days, with a weaker rebound. Currently, the rebound is not obvious, and the range for a slight upward movement during the day is slightly smaller,
2520-2530 bullish, look for 2570-2580
2575-2600 bearish, look for 2550-2530 strong resistance, look for 2480