8.2 Afternoon Ethereum Market Analysis

"If you missed BTC today, there's still ETH tomorrow; if you didn't catch MEME this time, there will be new narratives next time. But if you gamble everything and lose your principal, no opportunity will matter to you. In the contract market, the best mindset is to—allow yourself to become rich slowly."

From the current market situation:

• Four-hour level: After a significant drop, the market has formed a doji bullish candlestick. Although there is a rebound in price, bullish momentum is clearly insufficient, and it has not broken through key ranges. All indicators are still showing bearish patterns, and this round of rebound can be seen as a normal correction, with the overall trend still leaning towards bearish.

• One-hour level: It shows a rebound trend of two bullish candles wrapping one bearish candle, but the bullish candlestick body is relatively small, and the Bollinger Bands continue to open downwards, with the price still in a downward channel. Although it is currently in a rebound recovery phase, it has not changed the overall trend.

Afternoon operation suggestion: First pay attention to the strength of the rebound, and look for opportunities to short at high positions. Ethereum can set up short positions around 3550, targeting near 3450. #币圈 $ Blockchain