On the 4-hour Ethereum chart, the trend is clearly contracting, and the Bollinger Bands have begun to flatten and diverge. Currently, it is in a low-level consolidation phase after a pin bar.
Although there was a breakout action yesterday, it failed to overcome the resistance at the 4600 level. Subsequently, the bullish momentum has weakened, and it has now retraced some of yesterday's gains, maintaining a weak oscillation rhythm. A pullback to support can be a buying opportunity.
Buy between 4400-4370, target 4430-4460 #美联储取消创新活动监管计划 $ETH