$ETH The market fluctuates like tides; what truly allows one to navigate through bull and bear markets is not perfect execution, but a steadfast belief after experiencing volatility. Ethereum's price rebounded from a high point of 3852 to a low point of 3807, reached a first high of 3868, and again fell to a low of 3814, then rebounded to touch a high of 3879 before falling back. Currently, the price is consolidating around 3850. The bullish strategy provided by Yundu in the early morning successfully captured nearly 60 points of space.
Based on the current market situation, the Bollinger Bands are opening upwards, and with the middle band moving up and the long lower shadows on the bearish candlesticks indicating strong support below, the possibility of the bulls continuing is very high as long as the support level holds. After reaching a high of 3879, there was a small bearish candlestick, which usually indicates some selling pressure above. In the morning, our strategy for Ethereum can revolve around shorting at high positions and looking for rebounds at low positions.
Ethereum suggestion: If there is pressure around 3900, consider shorting with a target of 3820-3800; watch for a rebound if met with resistance.
