9.8 Ethereum Thought: Blockchain Super Topic
Looking at the 1-hour line, the Ethereum price is 'stagnant'. It even dropped to 4280 a few hours ago, barely holding up for a rebound, which is quite disheartening.
Now the key is to focus on the support at 4250—once it breaks, the next step is very likely to move towards the 4160-4060 range. Currently, the K-line is fluctuating little, with no upward trend, overall signaling 'a downward adjustment' is likely, so it's safer to continue the 'rebound short' strategy from yesterday afternoon.
Operation Suggestion: Short positions in the 4340-4310 range, first targeting 4250. If it breaks, continue to look at 4200$BTC
BTCUSDT
Perp
103,660.6
+2.49%
ETHUSDT
Perp
3,465.69
+4.08%
XRPUSDT
Perp
2.3381
+5.61%