10.18 Ethereum (ETH) Market Analysis Reference

The overall rebound strength of Ethereum is stronger than the market, with a surge of nearly 200 points today, shifting from the previous weak oscillation pattern. It has currently reached a high of 3925, facing pressure and entering a consolidation pattern, with support moving up to around 3750. The current price is hovering around the 3900 level. Friends who followed up on long positions yesterday should pay attention to taking profits in a timely manner. The market will focus on the 4000 resistance area; if it breaks through the rebound today, the increase is expected to continue further. Conversely, if it cannot effectively stabilize and break through, the trend will likely continue to maintain a weak oscillation pattern.

On the 4-hour level, the market has recently formed a pattern of continuous bearish candles followed by a bottom rebound, with the price quickly rebounding to 3899 after hitting a low of 3819, indicating strong buying support in this area. However, the short-term upward movement is facing key resistance around 3930. On the daily level, after four consecutive days of bearish closes, it recorded a bullish candle for the first time. However, the rebound body did not cover the previous day's bearish candle, indicating a weak rebound pattern overall, with the previous low of 3674 serving as important support reference. In terms of the moving average system, the 4-hour price has broken through EMA7 (3861), but is constrained by EMA30 (3957); while on the daily level, the price is still far below EMA30 (4187), and the moving averages show a bearish arrangement, indicating that the overall trend is still biased towards the bears. It is recommended to operate with light positions, short at high and low.

10.18 Ethereum Short-term Reference:

Short test at 3980-3930, stop loss 30 points, target below 3880,

Long test at 3661-3731, stop loss 30 points, target above 3780,

This article is sent with a delay, and the strategy suggestions are for reference only. The market changes rapidly, regardless of how high your judgment and grasp of the market situation are, always set take profit and stop loss properly to secure gains #BTC #ETH #ETH🔥🔥🔥🔥🔥🔥 #ETH（二饼）