Last night I had a vague feeling of unease. The ETH rebound was blocked at the 4570 line. I didn't check the market in the early morning, but in the morning I saw a quick pullback that formed a long real body with a short upper shadow, engulfing most of the gains from 4400 to 4570 during the day. It then entered a consolidation mode, with morning upward movement blocked near the 4530 resistance level.
Today is a relatively critical day. Last night I also mentioned that the height of the X wave rebound determines the subsequent trend, whether it is a double zigzag, triple zigzag, or a combination of double three waves and triple three waves adjustment. Therefore, today's focus is on the line at 4530, whether we gain or lose it. If we lose, we will first go for a double zigzag adjustment, and then the lower space will open up. The important support point is the 4th wave bottom from 3353 to 4794, which is at 4170 and the 4th wave central point 4250. A major adjustment is inevitable.
Today's operation suggestion is to short on highs. 4460-4490, stop loss at 4535, target at 4250-4180.
