Ethereum overall fluctuated on Saturday, with a rebound near 2530 but failed to make an effective breakthrough. Early Sunday morning, it pulled back to around 2485 and rebounded again. Yesterday evening, it hit the high point near 2570 but then retraced to the low of 2525. In the morning, it rose to around 2600 but faced pressure and fell back, currently operating near 2560. Bitcoin was in a narrow range of fluctuations over the weekend. Yesterday evening, it pulled back to around 107800, gained support, and rebounded. In the early morning, it pulled back to around 108000 and then rose to about 109700 but faced pressure and fell back, currently operating around 109000.
Ethereum Market Analysis: Last week, the market pulled back to around 2370, rebounding to form a small bullish candle. The MACD showed a decrease in bullish momentum, while other technical indicators were converging. Although there was a rebound last week, the volume did not indicate a strong upward trend. Overall, there is still a chance for a pullback trend to develop. On the daily line, a strong bullish candle formed after a rebound early in the morning, with MACD showing increased bullish momentum. Other technical indicators did not exhibit significant rebounds either. The morning's rebound faced resistance near the upper line; if the pullback can stabilize above the support, there will be an opportunity to challenge the upper resistance again. Watch for resistance around 2610-2640 above and support around 2500-20 below.
On the 4-hour chart, the market rebounded near 2635, pulling back to the Fibonacci retracement level of 0.236 for support, rebounding again. The MACD showed increased bullish volume, while other technical indicators turned downward. The market faced resistance near the upper line during the rebound, and the rebound trend is not obvious. If it cannot successfully break through the upper line's resistance, it will pull back to the mid-line support around 2500-20. Today's operation suggests watching for a rebound; if the upper resistance is not broken, consider entering short positions. Long strategy will be provided in real-time.
Operation Suggestion: Real-time strategy provided
Reminder: Strategies are for reference only; manage stop-loss and take-profit carefully. Set take-profit targets for phased profit-taking and moving stop-loss to preserve profits while avoiding excessive profit loss.
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