8.6 Wednesday Morning Analysis of Ethereum $ETH

From an hourly perspective, Ethereum has retreated from the 3735 high, breaking below the middle line of the Bollinger Bands and continuing to decline. It is currently close to the lower line of the Bollinger Bands, with a short-term oversold condition indicating a need for a rebound, but the overall bearish trend remains unchanged.

From a four-hour perspective, Ethereum deeply corrected from 3940. Although it found support and rebounded near 3353, it is currently hindered by the middle line of the Bollinger Bands, with limited rebound strength, likely continuing the adjustment pattern.

For Bitcoin, near 113500 is a buy, targeting 115500.

For Ethereum, near 3630 is a sell, targeting around 3550 #香港稳定币新规 #加密股IPO季 #以太坊ETF连续12周净流入