Monday Afternoon Ethereum Analysis

Old Wang's morning analysis of Ethereum also perfectly materialized. Although it slightly exceeded expectations, compared to Bitcoin, a rise to 2275 for Ethereum is much more acceptable for Old Wang, as he primarily focuses on Bitcoin and did not trade Ethereum today.

From a technical perspective, on the hourly chart, the price has reached the upper Bollinger band, with limited upward space. Based on the intraday price rising to 2275 and then facing resistance, the short-term resistance level is judged to be at the 2280 mark. Looking at the MACD indicator, a death cross has appeared below the zero axis, indicating that the price will continue to decline. Old Wang's strategy is to remain bearish. The target is set at 2200#加密市场回调 $BTC .