#ETH

ETH Market Analysis:

The performance of Ethereum has been quite good, rebounding after falling to the expected level around 4080, currently showing nearly a 300-point rebound. We are watching whether it can continue to surge strongly!

Why choose to enter a long position at 4080? Previously, there was mention of the CME gap range, with the lower edge of the range at 4100. Combining this with the basic price difference, it was expected to fall to the range of 4080-4060 to complete the gap filling, and this has indeed been the case!

So, will this wave be the bottom? Will it directly counterattack to 5000 USD? From the current perspective, it does not show this trend yet; we need to first break through the smaller pressure point at 4380 before it may change the small downward trend to an upward trend!