$ETH The market rises and falls like the tide; what truly can endure through bull and bear markets is not perfect execution, but a steadfast belief after experiencing volatility. The price of Ethereum rebounded after falling from a high point of 3852 to a low point of 3807, reached a high of 3868 before falling again to a low of 3814, and then rebounded again to touch a high of 3879 before falling back. Currently, the price is consolidating around 3850. The strategy provided by Yunlu in the early morning successfully captured nearly 60 points of space.
Based on the current market situation, the Bollinger Bands are opening upwards, and the middle band is rising. The long lower shadows below the bearish candlestick indicate strong support below. Therefore, if the support level is not broken, the likelihood of continuation for the bulls is very high. After touching the high of 3879, there was a small bearish candle, which usually indicates some selling pressure above. In the morning, our Ethereum strategy can focus on shorting at high levels and looking for rebounds at low levels.
Ethereum suggestion: Pressure near 3900 can be shorted with a target of 3820-3800; if resistance is encountered, look for a rebound
