8.16 Ether Analysis
From the hourly chart of Ether, it is still operating within a downward channel, with insufficient rebound strength above, and a bearish trend dominating. After significant market washing in the previous period, although there has been some recovery, the overall trading volume is limited, and the rebound height is constrained. Before the market breaks away from the oscillating downward structure, caution is still required, and one should not blindly chase after rises.
Operational Ideas:
In the short term, if it cannot effectively break 4550, focus on short positions, while monitoring support around 4300; if it stabilizes, one can consider setting up long positions.
