Good morning, friends!!!
The night market for Ether rebounded from a low point of 2510 to a high point of 2556, and then it has been fluctuating within this range.
From the current market situation, the 4-hour level continues to oscillate at a high position. After a series of bearish candles, it has managed to recover with a series of bullish candles. Although there were pullbacks along the way, in terms of space, it is still within a normal correction area.
Currently, it is in a local consolidation and correction transitional phase, combined with the weekly chart showing a long lower shadow. After increasing volume, the upward momentum has slightly weakened.
In the short term, it has entered a high-level horizontal correction phase, possibly accompanied by winding and fluctuating oscillations.
At present, it is still in a local adjustment within the trend, with a slight slowdown in the short term.
Given the current narrow market volatility range, neither bulls nor bears have achieved a substantial breakthrough,
Before the market breaks through the range, it is recommended to primarily operate with a low buy strategy.
