10.20 Ethereum (ETH) Market Analysis Reference

Ethereum opened and rose to around 4085 during the early morning, facing resistance. The current price is around 4070, and the market rebound has also entered a period of consolidation, with short-term support moving upwards. Additionally, the upper side of the short-term Bollinger Bands is opening, and if it breaks through the upper short-term resistance at 4100, there is potential for further price increase. Therefore, it is recommended to primarily focus on long positions. The support below to watch is at 3930.

4-hour Level: Recently, there have been consecutive bullish candles breaking through the 4000 integer mark, with a peak of 4083 followed by a slight pullback, forming a short-term high-level fluctuation. The previous low of 3906 is a key support level. 1-hour Level: After a breakout above 4050 in the morning session, it confirmed with a pullback, currently forming a narrow consolidation range between the high of 4083 and the low of 4053. MACD: The 4-hour DIF has crossed above the DEA, forming a golden cross, but the daily level is still below the zero line, so caution is needed regarding the sustainability of the rebound. EMA: The price is stable above the 4-hour EMA7 (3990) and EMA30 (3954), but the daily EMA120 (4116) constitutes a strong resistance level.

10.20 Ethereum Short-term Reference:

Try shorting at 4090-4140 with a stop loss of 30 points, targeting below 4050,

Try going long at 3861-3931 with a stop loss of 30 points, targeting above 4000,

The article may be delayed in sending, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgments, always manage your take-profit and stop-loss levels, securing profits safely #ETH #ETH🔥🔥🔥🔥🔥🔥 #ETH（二饼）