Ethereum Market Review

Yesterday during the day, the overall Ethereum showed a rebound after hitting a bottom. After testing the low of 4310 in the morning, it encountered a strong rebound of over 130 points. The subsequent trend oscillated between the range of 4400-4450. In the evening, the market began to surge, reaching a peak of around 4633 by 7 AM, and is currently in a correction phase after the surge.

From the 4-hour chart perspective, it is currently experiencing a rebound after piercing the lower Bollinger Band. After the three lines of the Bollinger Bands opened downward, they are about to tighten again, and the market will enter a phase of oscillation in the coming period.